The "Why" of a Fraud Scheme Is

question 30

Multiple Choice

The "why" of a fraud scheme is:

• A) A disgruntled employee.
• B) An employee with a gambling addiction.
• C) A person living beyond their means.
• D) All of the above

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Definitions:

Cartel Success

The effectiveness of a cartel, a group of independent market participants who collude to raise prices and restrict output, in achieving its objectives of maximizing the profits of its members.

Differentiated Product

A good or service that is distinct from its competitors through variation in design, function, or quality.

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, characterized by phases of growth (expansion) and decline (recession).

Game Theory

The study of how people behave in strategic situations in which individuals must take into account not only their own possible actions but also the possible reactions of others. Originally developed to analyze the best ways to play games like poker and chess.