Cyber Fraud Is Fraud Committed Over the Internet

question 57

True/False

Cyber fraud is fraud committed over the Internet.

Recognize the conditions under which a principal is liable for contracts formed by an agent.

Grasp the significance of the equal dignity rule and how it affects the interactions between principal and agent.

Discuss the concept of constructive trust and its relevance in agency relationships.

Understand the basic structure and function of the human eye and its components.

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Definitions:

Insource

refers to shifting jobs or tasks that were previously outsourced back within the organization, often to maintain control or reduce costs.

Outsource

The practice of hiring third-party service providers to perform tasks, handle operations, or provide services that are either difficult to manage or are outside the company's expertise.

Customized Items

Products or services tailored to meet the specific needs or preferences of an individual customer or market segment.

Mitigate Risks

The process of taking action to minimize the likelihood and impact of undesired events or risks.