Which of the Following Statements Is True of the Damages

question 39

Multiple Choice

Which of the following statements is true of the damages experts in litigation?

• A) An economic expert relies on the opinions of those who establish the facts of the damages claim, who in turn relies on the opinions of those who establish the parameters of the damages.
• B) The primary role of an economic expert in a damages claim is to establish the facts of the damages claim to define the nature and extent of the injury.
• C) The economic expert has to rely solely on his own technical knowledge and skills in determining the damages as other experts can be biased by personal interests.
• D) An economic expert is often the last witness to testify in a damages claim.

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Definitions:

Portfolio

A collection of investments held by an individual or institution, including stocks, bonds, commodities, and more, to diversify risk.

Active Management

The use of a human element, such as a single manager or a team of managers, to actively manage a fund's portfolio.

Trading Costs

Expenses associated with buying and selling securities, including commissions, spreads, and market impact costs.

Trading Rule

A guideline or criterion for making decisions in financial markets, often based on technical indicators or financial data.