The Absence of Records Kept in Accordance with the Business

question 11

Multiple Choice

The absence of records kept in accordance with the business records exception is admissible to prove the nonoccurrence or nonexistence of the matter and is known as

• A) silent hound exception.
• B) hearsay exception.
• C) business exception.
• D) law enforcement exception.

---

Definitions:

Dull Lectures

Boring or unenthusiastic presentations or talks, often resulting in little interest or engagement from the audience.

Marginal Cost

The rise in expense associated with the production of an extra good or service unit.

Marginal Rate of Substitution

The measure of how much of one good a consumer can give up in favor of another, without impacting their level of well-being.

Socially Efficient

A situation in which an outcome benefits society as a whole and resources are allocated in the most beneficial manner from a societal perspective.