Which of the Following Statements Is INCORRECT Regarding Letters to Unsophisticated

question 9

Multiple Choice

Which of the following statements is INCORRECT regarding letters to unsophisticated clients?

• A) Citations to controlling authority should not be included.
• B) The letter should give the answer in the first paragraph.
• C) A practitioner should always attach a file memo to give the client more detailed information.
• D) All of the above are correct.

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Definitions:

Government Intervention

The involvement of the government in the market to correct market failures and promote economic stability and growth.

Flu Vaccines

Vaccines that protect against influenza, a contagious respiratory illness caused by influenza viruses.

Marginal Social Benefits

The extra advantage obtained by society from the consumption of an additional unit of any product or service.

Positive Externalities

Benefits that are enjoyed by third-parties as a result of an economic transaction or activity, without them directly participating in the transaction.