5 Questions
What is fraud typically characterized by?
Wrongful or criminal deception
What is the primary motivation behind fraudulent activities?
To achieve financial or personal gain
What is the essential element of fraud?
Deception
What type of gain is often associated with fraud?
Financial or personal gain
What is the nature of fraud?
Wrongful or criminal
Study Notes
Definition of Fraud
- Fraud involves wrongful or criminal deception
- The deception is intended to result in financial or personal gain
Test your knowledge of the definition of fraud, including wrongful or criminal deception intended to result in financial or personal gain.
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