What Is Fraud

question 136

Multiple Choice

What is fraud?

• A)Fraud is the intentional misrepresentation of facts made for the purpose of persuading another individual to act in a way that causes injury or damage to that individual.
• B)Fraud is the misappropriation of assets.
• C)Fraud is untruthful financial reporting.
• D)all of the above

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Definitions:

Reimburse

To pay back or compensate for expenses incurred or losses sustained.

Liable

Being legally responsible for something, typically involving financial compensation or reparations.

Encodes Information

Involves converting data or information into a particular form, especially to prevent unauthorized access or understanding.

Warrants

Financial instruments that give the holder the right to purchase a company's stock at a specified price before a certain date.