Under the CFAA, It Is a Federal Crime to Knowingly

question 22

Multiple Choice

Under the CFAA, it is a Federal crime to knowingly transfer, possess, or use a means of identification of another person without being authorized, with the intent to commit or to aid or abet any unlawful activity. The session that addresses this is:

• A) 1028(a)(5)
• B) 1028(a)(6)
• C) 1028(a)(7)
• D) 1028(a)(8)

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Definitions:

Implicit Costs

Costs that represent potential benefits foregone when resources are not utilized in their next-best alternative use.

Economic Profit

The financial gain achieved when revenues from business activity exceed the explicit and implicit costs of that activity.

Implicit Costs

Costs that represent the opportunity costs of using resources that the firm already owns, unlike explicit costs which involve direct monetary outlay.

Economic Loss

A decrease in financial wealth, goods, or resources, often as a result of business activities or economic policy decisions.