An Intentional Act of Deceiving or Misrepresenting in Order to Induce

question 19

Multiple Choice

An intentional act of deceiving or misrepresenting in order to induce another individual or group to give up something of value is called _______________.

• A) intimidation
• B) goldbricking
• C) harassment
• D) fraud

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Definitions:

Total Equity

The value remaining in a company after all liabilities have been subtracted from assets, representing the ownership interest in the firm.

Total Assets

The sum of all resources owned by an entity, including cash, investments, equipment, and property, as recorded on the balance sheet.

Accounts

Accounts generally refer to the records of financial transactions and positions related to assets, liabilities, equity, revenues, and expenses.

Balances

The amounts remaining in various accounts, such as bank accounts or ledger accounts, at a certain point in time.