Frequently, non-lawyers perform many tasks under the supervision of attorneys. Which of the following functions can a non-lawyer perform without creating the risk of practicing without a license?
a. agreeing on behalf of the law firm to represent a new client on a particular case
b. determining whether a lawsuit should be filed
c. informing the client of the latest events in the client's case
d. advising the client which legal theories they should pursue
c
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The recognition of depreciation is not intended to make the assets reflect their market value on the balance sheet
a. True b. False Indicate whether the statement is true or false
Which of the following factors most likely would heighten an auditor's concern about the risk of fraudulent financial reporting?
A. Inability to generate cash flows from operations while reporting substantial earnings growth. B. Inability to borrow necessary capital without granting debt covenants. C. Management's lack of interest in increasing the entity's earnings trend. D. Large amounts of liquid assets that are easily converted into cash.
Answer the following statements true (T) or false (F)
According to the mainstream economics school of thought, unions are able to manipulate and control the supply of labor to a market just like monopolies control the supply of products to a market. According to the mainstream economics school of thought, the role of the government is to protect individual worker rights through legislation such as minimum wage laws, safety and health laws, and income protection benefits (e.g., unemployment compensation). According to the human resources school, unequal bargaining power is the primary cause of the labor problem. Proponents of the human resource management school would argue that scientific management and mass production were representative of poor management practices that contributed to the labor problem. The solution to the labor problem, according to the human resource management school, is to align worker interests with those of the employer.
The uncertainty of loss that you may incur is:
a. a peril b. a hazard c. a contract d. insurance e. risk