The Most Appropriate Term for Theft Through Misrepresentation Is

question 91

Multiple Choice

The most appropriate term for theft through misrepresentation is:

• A) pilfering
• B) larceny
• C) chiseling
• D) fraud

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Definitions:

Rational Choice

A theory in economics and sociology that suggests individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

Irrational Choice

A decision made contrary to the conventional understanding of economic rationality, not maximizing utility.

Incentives

Rewards or penalties that motivate individuals to perform an action or avoid it.

Economic Analysis

A systematic approach to determining the optimal use of scarce resources, involving comparison of two or more alternatives in achieving specific objectives under the given assumptions.