Which of the Following Is NOT an Element of Fraud

question 33

Multiple Choice

Which of the following is NOT an element of fraud?

• A) Material misrepresentation
• B) Competent parties
• C) Knowledge of falsity
• D) Justifiable reliance

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Definitions:

Transportation Cost

Expenses associated with moving goods or materials from one location to another, including freight charges and fuel costs.

Cost from Theft

The financial impact incurred by a business due to pilferage, shoplifting, burglary, or other forms of theft.

Holding Cost

The expenses associated with storing unsold goods, including warehousing, insurance, deterioration, and loss.

Material Cost

The expense associated with raw materials and components needed for producing a product.