Benford's Law

question 42

Multiple Choice

Benford's Law:

• A) Applies to numbers that have built-in limits
• B) Is most effectively used with assigned numbers
• C) Applies best to numbers that occur naturally
• D) Uses ratios to detect frauds

---

Definitions:

Economic Values

The monetary worth of goods, services, or resources based on their utility and their capacity to satisfy wants or needs.

Wage Increase

An upward adjustment in the pay that employees receive for their work.

Deferred Annuity

An insurance contract designed to generate regular payments starting at a future date, often used as a retirement investment.

Quarterly Payment

Regular payments made every three months on a loan or investment.