In Preparing a First Draft of a Legal Document, You

question 2

Multiple Choice

In preparing a first draft of a legal document, you should:

• A) reread the directions
• B) begin in a logical fashion
• C) complete one section before moving on to another section
• D) periodically go back and reread directions
• E) all of the above

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Net Income

The profit of a company after all expenses, taxes, and costs have been deducted from total revenue.

Financial Analysis

The process of evaluating businesses, projects, budgets, and other finance-related entities to determine their performance and suitability.

Ratio

An expression of the mathematical relationship between one quantity and another. The relationship may be expressed either as a percentage, a rate, or a simple proportion.