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Assume That a Lawyer and a Secretary Have Been Working

question 18

Essay

Assume that a lawyer and a secretary have been working together for two years. The lawyer suddenly realizes that he prepares legal briefs and types faster than the secretary. Upon learning this he decides to let his secretary go. Why might this be a mistake?


Definitions:

Attaining High Performance

A process or outcome of enhancing the efficiency, productivity, and effectiveness of an individual, team, or organization to achieve superior results.

Ethical Standards

Guidelines that dictate the conduct that is considered acceptable and proper within a professional or personal context, often based on moral principles.

Social Responsibility

Social responsibility refers to the obligation of individuals, organizations, and businesses to act for the benefit of society at large.

Terminal Value

The future value of a series of cash flows projected to grow at a steady rate indefinitely, often used in discounted cash flow analysis.

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