What Type of Fraud Involves Intentional Deception on the Part

question 18

Multiple Choice

What type of fraud involves intentional deception on the part of an individual or group in order to derive an unfair economic advantage over an organization?

• A)Channel
• B)Accounting
• C)Consumer
• D)Product
• E)Conventional

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Definitions:

Competitive Advantage

The attributes or circumstances that allow an organization to produce goods or services better or more cheaply than its competitors, leading to a superior market position.

Industry Level

referring to the collective performance, trends, or characteristics of businesses within a specific sector of the economy.

High Barriers

Substantial obstacles or challenges that prevent or hinder entry into a market or industry.

Buyer Power

Refers to the ability of consumers to influence the pricing and quality of goods and services in a market due to their collective purchasing power.