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Forensic Accounting

Category - Specialized Forensic Knowledge

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What purpose does awarding ‘economic damages’ serve in litigation?

Economic compensation
Equitable distribution of wealth
Deterring future wrongful acts
All of the above

Explanation

Answer: C - The purpose of awarding economic damages is not just to financially compensate the aggrieved party, but also to foster an environment that serves as a deterrent to future wrongful acts. The award of damages serves both purposes.

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