Which of the Following Illustrates the Proactive Approach to Fraud

question 45

Multiple Choice

Which of the following illustrates the proactive approach to fraud detection?

• A) Using data-mining software to identify fraud
• B) Using Benford's law to identify fraud
• C) Locating accounting anomalies and investigating for possible fraud
• D) Learning about the business or operations to be studied prior to investigating for fraud

Understand the social and economic challenges faced by immigrants.

Recognize the role of technology and transportation advancements in shaping migration.

Identify the influence of immigration on American culture and society.

Understand the social and political responses to immigration in the late 19th century.

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Definitions:

Warranty of Title

A guarantee in a sales contract that the seller has the legal right to transfer ownership and that there are no undisclosed liens or encumbrances on the property being sold.

Right of Redemption

A legal right that allows a borrower to reclaim their property after it has been sold at foreclosure by paying off the full debt amount, plus additional costs, within a specified timeframe.

Entire Debt

The total amount owed by a debtor, encompassing all outstanding obligations, not just a portion or installment.

Foreclosure

A legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments, typically by forcing the sale of the asset used as the collateral for the loan.