Which of the following best describes the term fraud?

Question

Quizplus · Accepted Answer

Fraud involves the use of deception to persuade someone to surrender property or money. This can include lying, misrepresenting information, or using other illicit methods to gain financial gain. It is a criminal offense that can result in severe consequences for the perpetrator.

Option A is an example of robbery or theft, while option B may describe corruption or abuse of power, but not necessarily fraud. Option D refers to unintentionally providing inaccurate financial information, which is a different concept than fraud.

Which of the Following Best Describes the Term Fraud