Which Action Was a Key Element in the Wells Fargo

question 42

Multiple Choice

Which action was a key element in the Wells Fargo fraud case?

• A)Inflating assets by falsely overstating cash held in customers' accounts.
• B)Creating fake customer accounts to boost employees' bonuses.
• C)Employee theft from customers' accounts.
• D)Top management's recording of fictitious fees to increase reported revenues.

---

Definitions:

Marginal Social Benefit

The additional benefit to society from the consumption of an additional unit of a good or service.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that no one can be excluded from their use and one person's use does not reduce availability to others.

Private Benefit

The direct advantage or gain obtained by an individual or firm from their economic activities, without considering the impacts on third parties.

Mosquito Control

A management strategy to regulate or eliminate mosquito populations to reduce their damage to human health, economies, and enjoyment.