Reasons for the Nigerian Scam Include All of the Following

question 37

Multiple Choice

Reasons for the Nigerian scam include all of the following except:

• A)it has a well-educated populace.
• B)it is an oil-rich country with a healthy economy.
• C)it uses English as a first language.
• D)it is a well-populated country.

---

Definitions:

Common Stock

Common stock represents units of ownership interest or equity in a corporation, where holders usually have voting rights to elect the board of directors.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often paying fixed dividends.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a dataset, often used in accounting to value inventory.