What Is the Most Cost-Effective Way to Minimize the Cost

question 28

Multiple Choice

What is the most cost-effective way to minimize the cost of fraud?

• A) Prevention
• B) Detection
• C) Investigation
• D) Prosecution

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Definitions:

Relative Frequency Histogram

A graphical representation of the relative frequency of various outcomes in a data set, showing how often each value occurs relative to the total number of values.

Bar Width

In the context of a bar chart or histogram, it refers to the thickness or size of each bar, which can affect the chart's readability and interpretation.

Quantitative Data

Numerical information that represents quantities or amounts, allowing for measurement and statistical analysis.

Graphical Presentation

A visual representation of data or information, such as charts, graphs, or maps, designed to communicate complex ideas clearly and effectively.