Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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What is the book of wisdom?
  1. A handbook used for damage calculations
  2. A concept where post-date facts are considered for damage calculations
  3. A rule in litigation stating that the hybrid approach is the preferred method
  4. Another name given to the practitioner involved in damage calculations
Explanation
Answer: B - The book of wisdom is a concept that factors in post-date facts when calculating damages. The significance of the facts is first evaluated, as these can alter the schematics of the case.
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