Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A) Fraud usually results from unintentional errors.
• B) Fraud is more violent and traumatic than robbery.
• C) Fraud always involves deception, confidence, and trickery.
• D) Losses from fraud are less than losses from robbery.

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Definitions:

Consumer Good

A product intended for personal use or consumption by the general public.

Personal Use

Personal use refers to the use of something primarily for one's personal needs, benefits, or purposes rather than for business or professional matters.

Household Purposes

Activities or tasks carried out within a home for the benefit of its occupants, often relating to daily living and maintenance.

Perfected in One State

A legal status indicating that a security interest or lien is officially recorded or acknowledged in a particular state, safeguarding the rights of the lienholder.