Which of the Following Is True of Seizure of Equipment

question 40

Multiple Choice

Which of the following is true of seizure of equipment?

• A) Investigators need not substantiate any request for seizure of equipment.
• B) Permission is implicit for seizing all hardware and storage devices.
• C) Explicit permission is preferred for seizing all hardware and storage devices.
• D) Criminal contraband can be seized only with judicial authority.

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Definitions:

Accruals

Accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.

Inventory

The merchandise or goods a company holds for sale to customers in the ordinary course of business.

Debt Management Ratio

A financial ratio that measures the degree to which a firm uses borrowed funds, aiding in assessing its financial leverage and ability to meet debt obligations.

Fixed Charge Coverage

A financial ratio that measures a company's ability to cover its fixed charges, such as interest and leases, with its earnings before interest, taxes, depreciation, and amortization (EBITDA).