Final answer:
A licensee does not have to take action to correct false or exaggerated ideas held by a client if the licensee learns of this. This is true.
Step-by-step explanation:
A licensee does not have to take action to correct false or exaggerated ideas held by a client if the licensee learns of this. This statement is true. A licensee, such as a professional advisor or counselor, is not legally obligated to correct false or exaggerated ideas held by a client. However, it is generally seen as ethical and responsible behavior to help clients understand and correct any misconceptions they may have.