As a Part of a Forensic Accountant Engagement,you Interviewed All

question 45

Multiple Choice

As a part of a forensic accountant engagement,you interviewed all the first cousins of the subject.Which of the following types of data did you obtain?

• A) first-party data
• B) second-party data
• C) third-party data
• D) fourth-party data

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Definitions:

Negotiate

The process of discussing and arriving at a mutual agreement between parties with differing needs or opinions.

Payday Loan

A type of short-term borrowing where a lender extends high-interest credit based on the borrower's income and credit profile.

Compensation

Payment or benefit given to someone as a recompense for loss, injury, or suffering.

Profitable Stores

Stores that generate more revenue than the expenses incurred, resulting in a net financial gain.