TEST BANK Fraud Examination (7th Edition) by Albrecht Complete Guide Qustions And Answers A+GRADED

Test Bank - for Fraud Examination 7th Edition
by W Albrecht, All Chapters

, Test55Bank55for55Fraud55Examination557th55Edition55by55Steve55Albrecht
Chapter550155-55The55Nature55of55Fraud

All55Chapters ✅
1. One55way55that55criminal55law55differs55from55civil55law5
5is55that55it:
a. provides55remedies55for55violations55of55private55rig
hts.
b. must55yield55a55unanimous55verdict.
55 Answers5 5 Includ
c. can55have55a55jury55of55fewer55than551255persons.
d. allows55for55various55claims55in55one55action. ed
✅
ANSWER: b
FEEDBACK:
a.55Incorrect.55The55requirement55to55provide55remedies55for55violations5
5of55private55rights55is55a55characteristic55of55civil55law;55criminal55law55deals55
with55crimes55against55society55as55awhole.
b. Correct.55Criminal55trials55must55result55in55a55unanimous55verdict.
c. Incorrect.55The55requirement55for55a55unanimous55vote55characteristic55of55civil5
5law;criminal55trial55juries55must55have551255persons.

d. Incorrect.55In55inclusion55of55various55claims55in55one55action55is55a55characteri
stic55of55civillaw;55criminal55law55permits55only55one55claim55at55a55time.
POINTS: 1
DIFFICULTY: easy
REFERENCES: Criminal55and55Civil55Prosecution55of55Fraud
QUESTION55TYPE: Multiple55Choice
HAS55VARIABLES: False
LEARNING55OBJECTIVES:5 5 FRAU.ALBR.25.1.555 -55Understand55the55differences55between55criminal55and55civil55fraud55laws.
OTHER: Source:556e55revised
DATE55CREATED: 2/8/2024557:1055AM
DATE55MODIFIED: 2/8/2024557:1455AM

2. Which55of55the55following55is55NOT55an55common55element55of55a55Ponzi55scheme?
a. Gaining55other's55confidence
b. Promising55abnormally55high55returns
c. Investing55collected55money
d. Using55part55of55the55investment55principle55to55pay55previous55investors

ANSWER: c
FEEDBACK: a.55Incorrect.55Gaining55other’s55confidence55is55one55of55the55most55important55elements55of55the
“con.”
b. Incorrect.55Promising55abnormally55high55returns55is55how55fraudsters55lure55in55investors.
c. Correct.55Investing55collected55money55is55very55unlikely.
d. Incorrect.55In55Ponzi55schemes,55the55original55principle55is55often55used55to55make55interestpayme
nts.
POINTS: 1
DIFFICULTY: moderate
REFERENCES: Types55of55Fraud

,QUESTION55TYPE: Multiple55Choice
HAS55VARIABLES: False

, LEARNING55OBJECTIVES:55 FRAU.ALBR.25.1.355-55Understand55Different55Types55of55Fraud.
OTHER: Source:556e55,55revised
DATE55CREATED: 2/9/2024555:1155AM
DATE55MODIFIED: 2/9/2024555:3255AM