Which of the following statements about insurance is not true?
A) It protects you from events that could reduce your wealth.
B) Money used to buy insurance is not available for investing.
C) You cannot have too much insurance.
D) All of the above are true about insurance.
Answer: C
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With respect to privileged communications of accountants, which of the following is true?
A. A state statutory privilege will be recognized in a case being tried in a federal court involving a federal question. B. Most courts recognize a common law privilege between an accountant and the client. C. As a result of legislative enactment and court adoption, the client-accountant privilege is recognized in the majority of jurisdictions. D. The privilege will be lost if the party asserting the privilege voluntarily submits part of the privileged communications into evidence.
Be aware of differences between British and American ________________
a. history b. pronunciations c. word choice d. laws