A Closed-Fact Situation Means That

question 42

Multiple Choice

A closed-fact situation means that

• A)all of the client's transactions have occurred and the research focuses on finding support for the action already taken.
• B)all of the client's transactions have not yet occurred so the events may be carefully planned.
• C)the client's tax return has not yet been filed.
• D)the client is requesting tax planning advice for a future transaction.

---

Definitions:

Maslow

Referencing Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology explaining human motivation based on fulfilling a series of needs.

Model of Human Behavior

A theoretical framework used to understand, predict, and analyze the actions and reactions of individuals or groups.

Defense Mechanism

Psychological strategies employed by individuals to cope with reality and maintain self-image.