The Twomajor Elements of a Client File Are

question 2

Multiple Choice

The twomajor elements of a client file are:

• A)invoices and full-text court opinions
• B)internal firm memos and invoices
• C)a client letter and a research memo
• D)a written summary of telephone conversations and e-mails

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Definitions:

Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable.

Supply Curves

Graphical representations showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing to offer for sale.

Price Floors

A government- or authority-imposed minimum price that sellers must charge for a good or service, essentially preventing prices from falling below this set level.

Ceiling Prices

Maximum prices set by the government on certain goods and services to prevent excessive pricing during shortages or inflationary periods.