Which of the Following Statements Is True of the Calculation

question 14

Multiple Choice

Which of the following statements is true of the calculation of economic damages in a civil litigation?

• A) All future economic damages must be reduced to present value, which requires the application of a discount rate.
• B) Calculations of economic damages are often based on a set of foundational assumptions rather than facts.
• C) Interest on past economic damages is always calculated by a forensic accountant.
• D) Worklife expectancy is the period of time a person is expected to live past retirement.

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Definitions:

Future Contact

The anticipation or arrangement of an interaction or meeting that will occur at a later date.

Social Script

A guide or schema for behavior in specific social situations, indicating the appropriate sequences of events and actions.

Culturally Modeled Guides

Frameworks or patterns socially and culturally established for influencing behavior, thoughts, and values in a given society.

Mirror Image

A reflected duplication of an object that appears almost identical but is reversed in the direction perpendicular to the mirror surface.