The Extent to Which Something Provides Economic Value Greater Than

question 97

Multiple Choice

The extent to which something provides economic value greater than its cost is called its

• A) practicality.
• B) utility.
• C) validity.
• D) accountability.
• E) reliability.

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Definitions:

Contract Involved

Relates to situations or disputes where a formal agreement between parties, outlining duties, rights, and obligations, is central to the matter at hand.

Types of Fraud

Categories of deceitful activities intended to gain dishonest advantages, often financial in nature.

Effect

The result or outcome of a particular cause or action.

Fraudulent Misrepresentation

The act of deliberately misleading or deceiving another party with false statements or information, leading to their detriment on reliance of such misrepresentation.