The "Special Needs" Doctrine Is an Exception to the Warrant

question 14

True/False

The "special needs" doctrine is an exception to the warrant requirement of the Fourth Amendment, but not the probable cause requirement.

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Definitions:

Financial Statement

A record that details the financial activities and condition of a business, person, or other entity.

Accounts

Financial records of an entity that detail transactions and can be used to prepare financial statements.

Loss Carry-Forward

A tax provision allowing companies to use their current year's net operating losses to reduce taxable income in future years.

Capital Losses

Financial losses incurred when the selling price of an asset is less than the purchase price.