Which of the Following Statements Regarding Documentation of Research Conclusions

question 13

Multiple Choice

Which of the following statements regarding documentation of research conclusions is false?

• A) A research memorandum is a permanent record of the research process.
• B) A researcher communicates his or her conclusions to the client in a letter containing information similar to that in the research memorandum.
• C) Technical references are generally inappropriate in a client letter.
• D) A research memorandum contains only research conclusions and not a detailed analysis of legal authorities supporting those conclusions.

---

Definitions:

Foreign Exchange Market

A global marketplace for trading national currencies against one another.

Euros

The official currency of the eurozone, which consists of 19 of the 27 European Union member states.

Credit Item

An entry that increases the balance of a firm's or individual's account in financial statements.

Balance of Payments

A record of all financial transactions made between a country and the rest of the world over a specific period.