Which of the Following Is Most Likely to Constitute a Misstatement

question 54

Multiple Choice

Which of the following is most likely to constitute a misstatement that can give rise to fraud or misrepresentation liability?

• A)A broker says to his client,"I think that this car's engine has been overhauled."
• B)A customer sales representative of the most popular brand of car says to the customer,"This is the highest selling car in town."
• C)An owner of a house gets his ceiling painted to conceal a leaking roof and says,"I got the ceiling painted recently."
• D)The owner of an unencumbered horse states,"I am selling the horse to raise funds for my ranch."

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Definitions:

Dashboard

A user interface that organizes and presents information in a way that is easy to read and interpret, often used for monitoring data or statistics in real-time.

Broad Network Access

A characteristic of cloud computing that allows services to be widely accessible via the internet on various devices.

Cloud Technology Characteristic

Describes features inherent to cloud computing, such as scalability, accessibility, and on-demand services.

Cloud Customer

An entity or individual that utilizes cloud computing services for storage, applications, or computing power.