Once a Person Realises That They Have Been Involved in a Scam,the

question 2

Multiple Choice

Once a person realises that they have been involved in a scam,the victim may be reluctant to tell the authorities.This is referred to as:

• A)Distraction principle
• B)Social compliance principle
• C)Kindness principle
• D)Dishonesty principle

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Definitions:

Margin Of Safety

The difference between actual sales and breakeven sales, quantifying how much output or sales level can drop before a business incurs a loss.

Variable Expenses

Costs that change in direct proportion to changes in the level of activity or production volume, such as raw material costs.

Break-even Point

The point at which total revenue equals total costs, and no profit is earned or lost, often used to determine the feasibility of a business venture or product.

Unit Variable Expenses

Costs that vary directly with the production volume, calculated on a per-unit basis.