Which of the Following Key Activities Related to Fraud Is

question 39

Multiple Choice

Which of the following key activities related to fraud is the most important and cost-effective way to reduce losses from fraud?

• A) Follow-up legal action
• B) Early fraud detection
• C) Fraud investigation
• D) Fraud prevention

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Definitions:

Economic Efficiency

A situation where the allocation of resources produces the maximum possible satisfaction of our wants without wasting any resources.

Substandard Concrete

Concrete that does not meet the required quality standards, posing risks to structural integrity and safety.

Public Sector

The segment of the economy composed of government services and enterprises, including healthcare, education, and law enforcement.

Public Property

Public property refers to assets or resources owned by the government or community as a whole, accessible and utilized by the general public.