The Crime of Obtaining Goods, Services, or Property Through Deception

question 60

Multiple Choice

The crime of obtaining goods, services, or property through deception or trickery is known as which of the following?

• A)Conflict of interest
• B)Breach of contract
• C)Fraud
• D)Misrepresentation

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Definitions:

Payoffs

The returns or benefits gained from a decision or action, often used in the context of strategic decisions or games.

Trade-offs

The concept of sacrificing one good or action to obtain another, acknowledging that having more of one thing likely means having less of another.

Expected Value

A calculated average of all possible values in a probability distribution, weighted by their respective chances of occurrence.

Expected Utility

The anticipated value of an outcome, calculated by multiplying the utility of the outcome by the probability of its occurrence.