Frequently, Persons with Knowledge of Computers Access the Credit Card

question 14

Multiple Choice

Frequently, persons with knowledge of computers access the credit card numbers of consumers who have made purchases on the Internet and use these credit card numbers without authorization. This act constitutes the crime of:

• A) identity theft.
• B) credit card fraud.
• C) false pretenses
• D) credit card perjury.

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Definitions:

Conversion Cost

The combined cost of direct labor and manufacturing overheads incurred to convert raw materials into finished products.

Work In Process

Inventory that includes goods that are in the production process but not yet completed.

Direct Materials

The raw materials that are directly traceable to the production of specific goods or services.

Equivalent Units

A measure used in process costing to convert partially completed units into an equivalent number of fully completed units.