Which of the Following Statements Is True of a Material

question 105

Multiple Choice

Which of the following statements is true of a material fact?

• A) It means to act knowingly and with a specific intent to deceive someone, ordinarily for bringing financial gain to oneself or causing financial loss to that person.
• B) It is a plan or a program designed to take from a person the tangible right of honest services.
• C) It is important to a reasonable person in deciding whether or not to engage in a particular transaction.
• D) It can be a defense to a contract and can also form the basis of a civil tort action.
• E) It is a statement or representation that is known to be untrue or is made with reckless indifference to its truth or falsity.

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Definitions:

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, typically aiming for the best outcome.

Creative Decision Making

The process of generating innovative and effective solutions to problems through imaginative thinking and evaluation.

Organizations

Groups or entities comprising multiple individuals working together to achieve a common goal or mission, driven by structured roles and communication channels.

Uncertainty Avoidance

A cultural dimension that describes the extent to which individuals or societies feel threatened by ambiguous or unknown situations and try to avoid these scenarios by adopting strict behaviors and beliefs.