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Luden [163]
3 years ago
8

What type of fraud involves intentional deception on the part of an individual or group in order to derive an unfair economic ad

vantage over an organization?
Business
2 answers:
Lina20 [59]3 years ago
6 0

Answer: Consumers fraud

Explanation:

Consumer fraud is defined as deceptive business practices which subject consumers to suffering financial or other losses. The preys believe they are participating in a legal and valid business transaction when they are actually being swindled.

Drupady [299]3 years ago
4 0

Answer:

C. Consumer

Explanation:

Consumer fraud is a situation whereby a person or an individual suffers from financial loss. It is the use of deceptive, unfair, false or misleading business practices in order to gain unfair economic advantage, causing individuals to suffer personal and financial losses. In cases of consumer frauds, the individuals who are the victims believes they are taking part in a legal and valid business transactions when they are actually being defrauded of their money.

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Who can become a principal and who can become an agent?a. Any person can become a principal, but an agent has to have the capaci
Rufina [12.5K]

Answer: Option A

Explanation: Any person can become a principal having sufficient business but in order to become an agent of the principal one needs to have the capacity to contract on behalf of the principal.

In a principal agent relationship, the principal bounds the agent to act on his behalf. So, there is no legal contracts to become a principal but the acts of agent are legally bound to a certain extent.

Hence, option A is correct.

6 0
3 years ago
What is the probability that this person was a victim of identity theft that occurred from the unauthorized use of a credit card
liberstina [14]
<span>The probability that this person was a victim of identity theft that occurred from the unauthorized use of a credit card is 0.05%. </span>
5 0
3 years ago
Updating accounts receivable is part of which transaction cycle?
Lilit [14]

Updating accounts receivable is part of revenue cycle.

The procedure used by healthcare systems in the United States and around the world to track patient income, from their initial appointment or encounter with the healthcare system to their final payment of debt, is known as revenue cycle management (RCM). It is a typical component of healthcare management.

What is revenue cycle?

  • The phrase "all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue" can be used to describe the revenue cycle.
  • It is a cycle that explains and illustrates a patient's life cycle (and the ensuing income and payments) during a typical medical interaction, from admission (registration) through final payment (or adjustment off of accounts receivables).
  • After a patient makes an appointment, the revenue cycle starts, and it ends when the healthcare provider has taken all of the payments. Errors in revenue cycle management may result in payments to the healthcare provider being delayed or nonexistent altogether.
  • Healthcare providers can outsource their revenue cycle management to businesses that handle this complex process with specialized agents and proprietary technologies to manage healthcare provider revenue cycles because the revenue cycle process is complex and subject to regulatory supervision.

To learn more about revenue cycle visithttps://brainly.com/question/13167295

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7 0
1 year ago
Explain how and why governments may want to regulate the price setting of a natural monopoly.
Lilit [14]
The government wants to protect the consumer's interest, that is why they are regulating the monopoly. Monopolies have the power to set higher prices than the competitive market. They regulate monopolies to prevent excess prices, quality of service( to ensure the firm receives minimum standard of service), monopoly power,promote competition, and natural monopolies( we cannot encourage competition, and it is essential to regulate firm to prevent monopoly of power). <span />
8 0
3 years ago
The reporting of financial conditions at the corporation so that can be evaluated. b. Legal protections for shareholders so that
gogolik [260]

Answer:

a) Financial Statements

b) Limited Liability

Explanation:

a) The reporting of financial conditions at the corporation so that it can be evaluated, is the aim of preparing <em>financial statements. </em>Financial statements<em> </em>are periodic reports prepared monthly or annually to show the financial health of a company. They are made up of the statement of profit or loss, statement of financial position, cash flow statements and statement of changes in equity.

b) Legal protections for shareholders so that they are not taken advantage of is the purpose of limiting the liability of shareholders. Limited liability relates to a shareholder's financial liability being limited to a fixed amount not exceeding his investment in the company or partnership. Nevertheless every shareholders is liable for his own actions personally.

6 0
3 years ago
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