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Explain the characteristics of management fraud.
Delinquency
Noncompliant behavior, typically of a minor, that is considered wrong according to legal or moral guidelines, often including acts like vandalism, theft, or truancy.
Bankruptcy
A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.
National Deficit
The financial situation in which a government's expenditures surpass its revenues, leading to borrowing and debt accumulation.
Passing of Wind
The discharge of intestinal gas from the rectum, a natural, although often socially embarrassing, physiological process.
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