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

Question

Roy

Business

24 May, 00:01

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

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Answers (2)

Know the Answer?

Brendon Nicholson · Answer 1

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.

Monique Norton · Answer 2

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.