From 1995 to 2007 in the U

question 204

Multiple Choice

From 1995 to 2007 in the U.S., the median and average family wealth adjusted for inflation both

• A) increased rapidly but fell sharply from 2007 to 2013.
• B) stayed roughly the same, then rose from 2007 to 2013.
• C) stayed at about the same level, then fell sharply from 2007 to 2013.
• D) increased slowly, then accelerated from 2007 to 2013.

---

Definitions:

Near-Privity Rule

A legal doctrine allowing a non-contractual party who is closely related to a contractual agreement to assert rights or claims under that contract.

Audit

A systematic examination of books, accounts, documents, and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern.

Negligence

The failure to use that amount of care that a reasonably prudent person would have used under the same circumstances and conditions.

Malpractice

Negligence or failure by a professional to perform their duties to the accepted standard of practice in their field, which results in harm or loss.