The Use of the Polygraph Was Severely Limited by the Employee

question 21

True/False

The use of the polygraph was severely limited by the Employee Polygraph Protection Act (EPPA), signed into law in June 1988.

Recognize the legal and operational implications of working in a sole proprietorship.

Understand the hierarchy within law firms and the roles related to paralegal management and administration.

Know the challenges and benefits of working in different types of legal business forms from the perspective of paralegals and attorneys.

Identify the characteristics and implications of professional corporations in the legal industry.

---

Definitions:

LLP

Limited Liability Partnership, a partnership where some or all partners have limited liabilities, protecting individual partners from the debts of the partnership.

Net Income

The amount of profit that remains after subtracting all the costs, taxes, and expenses from total revenue.

Capital Account Balance

The amount recorded in a company's capital account, representing the net worth or equity of the owners in the business.

Partnership Capital

The total amount invested by all partners in a partnership, representing their ownership interest.