Which of the Following Is True of Pilferage

question 46

Multiple Choice

Which of the following is true of pilferage?

• A) It is a more serious form of employee fraud.
• B) It involves individuals stealing items from their workplaces.
• C) It involves individuals resorting to illegal activity in the stock market.
• D) It is a more serious form of consumer fraud.

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Definitions:

Attachment

A legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.

Perfection

Protection of a secured creditor’s claim, either by registering the secured obligation or by taking possession of the collateral.

Security

Collateral or asset pledged to guarantee the repayment of a loan or fulfillment of a contractual obligation.

Consideration

An element of a valid contract; the price one is willing to pay for the promise set out in the offer.