In an Initial Interview, It Is Usually Better to Use

question 20

Multiple Choice

In an initial interview, it is usually better to use:

• A)closed-ended questions because they are more valid.
• B)open-ended questions because they are less likely to lead or unduly influence the client.
• C)open-ended questions at first and then closed-ended questions in the last half of the session.
• D)few questions because clients typically feel uncomfortable with questions.

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Definitions:

Tax Savings

Tax savings refer to the reduction in tax liability achieved through allowable deductions, credits, or other legal means.

Depreciation Expense

The orderly distribution of a tangible asset's value over the time it is expected to be used.

Tax Rate

The rate at which income or profits of a person or company are subject to taxation.

Double-Declining-Balance Depreciation

A method of accelerated depreciation that doubles the standard depreciation rate, reducing the value of assets more quickly in their early years.