Which of the following is not a true statement with regard to fraud?

a. Confidence is the single most critical element for a fraud to be successful

b. Losses from fraud exceed losses from robbery

c. The largest group of fraud perpetrators are over fifty All of the above are true

Question

Social Studies

Leslie Adams

24 March, 18:23

Which of the following is not a true statement with regard to fraud?

a. Confidence is the single most critical element for a fraud to be successful

b. Losses from fraud exceed losses from robbery

c. The largest group of fraud perpetrators are over fifty All of the above are true

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Answers (1)

Know the Answer?

Kellen Hammond · Answer 1

Answer: option B

Explanation:

The gain from engaging in fraud depends, for us to compare fraud and robbery we need to know the gain of the two, we can't just say the gain in fraud is greater than that of robbery also the loss in fraud exceed that of robbery because we can't factor the gain or the total package of fraud or robbery. So there fore before we can quantify the losses if it exceeds that of robbery, we need to know the total and the achievable gain between the two (fraud and robbery).

Which of the following is not a true statement with regard to fraud?a. Confidence is the single most critical element for a fraud to be successfulb. Losses from fraud exceed losses from robberyc. The largest group of fraud perpetrators are over fifty All of the above are true

Which of the following is not a true statement with regard to fraud?

a. Confidence is the single most critical element for a fraud to be successful

b. Losses from fraud exceed losses from robbery

c. The largest group of fraud perpetrators are over fifty All of the above are true