When Consumers Purchase Merchandise Online Directly from an Online Auction

question 4

Multiple Choice

When consumers purchase merchandise online directly from an online auction site,and that merchandise is never delivered,this is

• A)online auction fraud
• B)identity theft
• C)cyber theft
• D)online retail fraud

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Definitions:

Injection Mold

A manufacturing process used to create parts by injecting molten material into a mold.

Operating Cost

Refers to the total expense associated with running a business's core operations on a day-to-day basis, excluding financing and investment costs.

Useful Life

The expected period of time during which an asset remains functional and economically viable for its intended use.

Economic Value

Economic value refers to the value of a good or service determined by its capacity to satisfy human wants and needs, often reflected in willingness to pay.