____ Is One of the Fastest Growing Forms of Fraud

question 95

Multiple Choice

____ is one of the fastest growing forms of fraud in the United States, directly impacting over 4% of the overall U.S. adult population in 2008 with a resulting loss of $48 billion.

• A) E-mail spam
• B) Phishing
• C) Identity theft
• D) Cybercrime

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Definitions:

Trademark

A legal designation of exclusive use of a brand or product name.

Goodwill

An intangible asset that represents the portion of the business value that cannot be attributed to other business assets.

Loss on Disposal

The financial loss incurred when an asset is sold for less than its carrying value on the books.

Other Revenue

Income generated from activities not related to a company’s primary operations.