To Prove Fraud, Which of the Following Elements Must Be

question 22

Multiple Choice

To prove fraud, which of the following elements must be shown?

• A) The innocent party knew the wrongdoer.
• B) The innocent party was the one who detected fraud.
• C) The wrongdoer assumed a false identity.
• D) The wrongdoer intended to deceive the innocent party.

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Definitions:

Generates Revenues

The process of bringing in income from business activities, such as sales of goods and services.

Investment Center

An investment center is a business unit within an organization that is responsible for its own revenue, expenses, and investments, and its performance is assessed based on return on investment.

Performance Report

A document that compares actual operational or financial results to planned or budgeted results.

Cost Center

A department or unit within an organization that does not directly add to profit but still incurs costs.