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Questions and Answers
What is fraud characterized as?
What is fraud characterized as?
- A wrongful or criminal deception (correct)
- A justified means to achieve success
- A legitimate business practice
- A minor offense with no consequences
What is often the motive behind fraudulent activities?
What is often the motive behind fraudulent activities?
- To help the community
- To follow lawful business practices
- To gain financial or personal advantage (correct)
- To harm others
Which of the following best describes the nature of fraud?
Which of the following best describes the nature of fraud?
- A victimless crime
- A non-criminal offense
- A violent crime
- A wrongful or criminal deception (correct)
What is often the result of fraudulent activities?
What is often the result of fraudulent activities?
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What is the essence of fraudulent behavior?
What is the essence of fraudulent behavior?
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Study Notes
Definition of Fraud
- Fraud involves wrongful or criminal deception
- The deception is intended to result in financial or personal gain
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Description
Learn about the concept of fraud, including its definition and characteristics. Understand how fraud involves wrongful or criminal deception for financial or personal gain.
