The Realisation Rate Is

question 23

Multiple Choice

The realisation rate is:

• A) the ratio of non-client work related labour cost to client work related labour cost.
• B) the non-client work related professional labour cost as a percentage of the professional's annual salary.
• C) the professional labour cost as a percentage of the professional's annual salary.
• D) the final fee charged to the client as a percentage based on the firm's chargeout rate.

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Definitions:

Business Organization

An entity formed with the purpose of conducting commercial activities, such as corporations, partnerships, and sole proprietorships.

Democratic Validation

The process of confirming or legitimizing decisions or actions through democratic methods, such as voting or consensus.

Community Standard

Refers to the moral, ethical, or legal expectations that are generally held by a community or society.

Preserve Social Order

Efforts or measures taken to maintain societal norms and regulations, ensuring the smooth function and stability of a community or society.