When a Consumer Orders an Item Online and It Is

question 20

Multiple Choice

When a consumer orders an item online and it is never delivered,this is an example of ___________.

• A) White collar crime
• B) Cyber theft
• C) Online retail fraud
• D) Online auction fraud

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Definitions:

Maintenance Fee

A periodic charge imposed by banks, credit unions, or HOAs to cover the cost of services or upkeep.

Compounds Interest Monthly

The process where the interest earned on an investment is calculated monthly and added to the principal sum, leading to an increase in the total amount of interest earned over time.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Simple Interest

Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.