Which is the best definition of fraud?

Question

Quizplus · Accepted Answer

Fraud involves intentionally misrepresenting or concealing facts in order to deceive another person or gain an unfair advantage. A is incorrect because unknowingly misrepresenting the facts is not considered fraud. B is incorrect because using business supplies for personal use is an inappropriate but separate issue from fraud. D is incorrect because misappropriating funds for personal financial gain is a specific type of fraud, but not the best overall definition of fraud.

Which Is the Best Definition of Fraud