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Describe the Fraud Detection Process

question 17

Essay

Describe the fraud detection process.


Definitions:

Brand Names

Brand names are distinctive names given to products or services by companies to identify and differentiate them from competitors.

Optimal Efficiency

A condition where resources are allocated in the most efficient manner, maximizing output without wasting resources.

Operating

Pertains to the day-to-day running or functioning of businesses, systems, or machines.

Output

The quantity of goods or services produced in a given period by a firm, industry, or country.

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