One of the Disadvantages of Benford's Law in Detecting Fraud

question 25

Multiple Choice

One of the disadvantages of Benford's law in detecting fraud is:

• A)potential suspects are more likely to know you are trying to detect fraud than if you use such detection techniques.
• B)it is very expensive to implement and use.
• C)that those cases with the lowest probabilities do not match Benford's law and may need further investigation.
• D)it only broadly identifies the possible existence of fraud;it fails to narrow possibilities to a manageable field of promising leads.

Analyze the consequences of overextraction and poorly defined property rights on resource sustainability.

Understand the implication of changes in user costs on extraction decisions and future profits.

Interpret economic data and graphs related to resource extraction costs and market conditions.

Understand the economic principles underlying fishery and forestry management and conservation.

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Definitions:

Chemosignals

Chemical signals that convey information between organisms; they play key roles in many biological processes and behaviors.

Biochemicals

Molecules that constitute the chemical substances and processes occurring within living organisms.

Olfactory Mucosa

The specialized epithelial tissue inside the nasal cavity that houses the olfactory receptors, crucial for the sense of smell.