According to the 2015 Identity Fraud Study by Javelin Strategy

question 95

Multiple Choice

According to the 2015 Identity Fraud Study by Javelin Strategy & Research, how much did consumers lose to identity fraud in 2014?

• A) $1.6 million
• B) $16 million
• C) $160 million
• D) $1.6 billion
• E) $16 billion

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Definitions:

De Jure Corporation

Latin for “lawful corporation” a corporation that has met the mandatory statutory provisions and thus received its certificate of incorporation.

De Facto Corporation

A company that acts like a corporation and enjoys some of its benefits, despite not being duly incorporated according to statutory requirements.

Corporation By Estoppel

A defective corporation that has conducted business with a third party and therefore cannot deny its status as a corporation to escape liability.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction, often referring to income taxed both at the corporate level and personally.