In a Law Firm,the Electronic Database Has Taken the Place

question 33

Multiple Choice

In a law firm,the electronic database has taken the place of:

• A) the trial notebook
• B) sophisticated fact retrieval
• C) a file of information cards
• D) the court calendar

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Definitions:

Net Working Capital

It calculates the short-term liquidity of a company, highlighting the funds available to run its day-to-day operations.

Net Working Capital

The variance between current assets and liabilities within a corporation.

Capital Gains

The profit from the sale of an asset such as stocks, bonds, or real estate that exceeds its purchase price.

Marginal Tax Rates

The rate at which the last dollar of income is taxed, indicating the impact of an additional dollar of income on tax liability.