Identity Theft Is Distinguishable from Other Forms of Identity Fraud

question 3

Multiple Choice

Identity theft is distinguishable from other forms of identity fraud in these two ways: (1) __________ and (2) __________.

• A) The identity is being misused without the permission of its owner; the identity belongs to an actual person.
• B) Identity fraud usually involves crimes through the mail; identity theft usually involves crimes through the Internet.
• C) Rates of identity theft are rising; rates of identity fraud remain stable.
• D) The identity belongs to an individual over the age of 18; the offender is easily apprehended.
• E) None of the above.

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Definitions:

Obsolescence

The process through which a product or technology becomes outdated and no longer used, often due to advancements or changes in consumer preferences.

Depletion

An accounting method used to allocate the cost of extracting natural resources, such as minerals or timber, from the earth, reflecting the consumption of the resource over time.

Expense Account

An account used in accounting to record costs or expenses incurred by a business or individual for operational purposes.

Metal Ores

Naturally occurring solid materials from which metals can be extracted through mining and processed for use.