Fraud Is Best Defined as

question 9

Multiple Choice

Fraud is best defined as

• A) the tortfeasor knowingly making false statements, or purposefully behaving, so as to deceive the victim.
• B) the tortfeasor pretending to sell the victim one product when, in fact, he or she is selling another, lower-quality product.
• C) the tortfeasor taking another person's personal property and using it for the tortfeasor's own benefit.
• D) All of these choices.

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Definitions:

Standard Deviation

A statistical measure that quantifies the amount of variability or dispersion around an average.

Defined Contribution Plan

A type of retirement plan where an employer, employee, or both make contributions on a regular basis, and future benefits fluctuate based on investment performance.

Risk-free Return

The theoretical return on an investment with no risk of financial loss over a certain period.

Standard Deviation

A statistic that quantifies the dispersion or variability of a set of data points or investment returns around their mean.