Which of the Following Frauds Is Usually the Most Expensive

question 50

Multiple Choice

Which of the following frauds is usually the most expensive?

• A) Vendor fraud
• B) Customer fraud
• C) Occupational fraud
• D) Management (financial statement) fraud

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Definitions:

Risk/Reward Tolerance

An individual's or entity’s capacity to assume risk with the expectation of receiving a corresponding return, balancing between potential gains and losses.

Venture Opportunities

Potential business concepts or markets that offer the chance for financial returns through the creation or expansion of enterprises.

Personal Criterion

An individual standard or principle used to judge or decide something.

Opportunity

A set of circumstances that makes it possible to do something or for something to happen, often leading to potential benefits.