A Booming Area of Computer Crime Involves Online Fraud, Theft

question 13

Multiple Choice

A booming area of computer crime involves online fraud, theft, scams, and related activities collectively referred to as ____.

• A) e-cons
• B) e-scams
• C) dot frauds
• D) dot cons

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Definitions:

Service Charge Expense

Costs incurred by a company for the services provided by another entity, often including bank fees or utilities.

Factoring Receivables

A financial transaction where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.

Allowance for Doubtful Accounts

A contra asset account on a company’s balance sheet that represents the amount of receivables it does not expect to collect.

Credit Sales

Sales transactions where the customer is allowed to pay at a later date, typically generating accounts receivable.