Which of the Following Is an Example of Passive Fraud

question 10

Multiple Choice

Which of the following is an example of passive fraud?

• A)A homeowner tells a home buyer that the basement of the home never floods, when in fact the homeowner knows it has several significant leaks.
• B)An attorney fails to tell his or her client of an offer to settle a case.
• C)A thrift store sales clerk mistakenly tells a customer that a table is oak instead of pine.
• D)A car salesman tells a customer that he believes the latest model of certain pickup truck is more reliable than previous models.

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Definitions:

Reciprocity

An exchange where two parties provide mutual benefits or favors to each other, often fostering cooperation and positive social behavior.

Business Buying Process

is the decision-making process by which businesses identify, evaluate, and purchase goods and services to fulfill their needs.

Selective Targeting

The strategic approach of focusing marketing efforts on specific segments of the market that are most likely to respond favorably to products or services.

Customized Marketing Programs

Tailored marketing strategies designed to meet the specific needs of a target customer segment or individual customer.