Question
A law firm specializes in the issuance of insurance policies covering large commercial real estate projects. The projects fall into two categories: shopping centers, and
A law firm specializes in the issuance of insurance policies covering large commercial real estate projects. The projects fall into two categories: shopping centers, and medical complexes. The typical work involved in each transaction is quite predictable and repetitive. The time requirements (unit loads) for preparing a standard contract of each type are given in the table below. Also listed are the number of professionals of each type and the number of available hours per professional per day (the rest of time is taken by other office activities). Last November, the firm generated 150 orders, 75 of each type. Assume there are 20 working days per month.
1. Can the firm process all 150 cases in November?
A. True
B. False
2. If the firm wants to process all 150 cases in November, how many professionals of each type are needed?
A. 5 paralegals, 2 tax lawyers, 3 senior partners
B. 7 paralegals, 2 tax lawyers, 2 senior partners
C. 9 paralegals, 1 tax lawyers, 3 senior partners
D. 4 paralegals, 4 tax lawyers, 2 senior partners
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started