If Someone Is Offered a Free Gift or Service in Exchange

question 8

Multiple Choice

If someone is offered a free gift or service in exchange for private information or access to a computer system, what type of social engineering is taking place?

• A) phishing
• B) baiting
• C) quid pro quo
• D) tailgating

Understand exculpatory clauses and their limitations within contractual agreements.

Explain the concept of substantive and procedural unconscionability and its relevance to contract fairness.

Discern the requirements for professional practice and the implications of operating without a license.

Understand the distinctions and roles of policies and procedures within an organization.

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Definitions:

Absorption Costing

A method of costing that includes all manufacturing costs – direct materials, direct labor, and both variable and fixed overhead – in the cost of a product.

New Product

An item or service that has been recently developed or introduced to the market.

Required Return

The minimum expected return an investor demands for an investment, considering its risk.

Net Operating Income

A measure of a company's profitability from its regular, core business operations, calculated as revenue minus operating expenses, excluding taxes and interest.