Explain the difference between misrepresentation and fraud.
Question:
Explain the difference between misrepresentation and fraud.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Misrepresentation and fraud are both instances where false information is provided but there are key ...View the full answer
Answered By
Zablon Gicharu
I am an educator who possesses the requisite skills and knowledge due to interacting with students for an extended period. I provide solutions to various problems in step-by-step explanations, a well-thought approach and an understandable breakdown. My goal is to impart more straightforward methodologies and understanding to students for more remarkable achievements.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Social Science questions
-
Briefly explain the Misrepresentation, Reasons behind Misrepresentation. Why a business man use the process of deceiving his - her customers. Also make difference between Misrepresentation and Fraud....
-
For years, Dell's seemingly magical power to squeeze efficiencies out of its supply chain and drive down costs made it a darling of the financial markets. Now we learn that the magic was at least...
-
Briefly explain TWO factors that cause the auditor's opinion on the audited financial statements to be considered as a reasonable level of assurance. (2 marks) b) While the auditor is responsible for...
-
Describe what happens if you apply binary search to an unordered array. Why shouldn't you check whether the array is sorted before each call to binary search? Could you check that the elements binary...
-
Peter is thinking of starting up a "Personal Financial Services" consultation in his spare time. The basic office equipment will cost $2285 and the variable cost (VC) for each consultation is...
-
Draw a structured flowchart or write structured pseudocode describing how to get from your home to your school. Include at least two decisions and two loops.
-
The Wide World of Fluids article "Dimpled Baseball Bats,". How fast must a 3.5-in.-diameter, dimpled baseball bat move through the air in order to take advantage of drag reduction produced by the...
-
Haldane Company estimates that its overhead costs for 2014 will be $360,000 and output in units of product will be 300,000 units. Required a. Calculate Haldanes predetermined overhead rate based on...
-
Switching from a business-to-consumer model to a business-to-business model would have a lot of moving parts. Our simulation is selling fully-built road and mountain bikes for casual and serious bike...
-
Give an example of a contract induced by economic duress.
-
Explain the difference between a mutual mistake and ambiguity.
-
Horizon BP in Antelope Park, Alaska, has noticed that utility bills are substantially higher when the average monthly temperature is colder. The only thing in the shop that uses natural gas is the...
-
As a sophisticated energy trader, you apply your knowledge to both crude oil and natural gas markets. Starting Jan 1st 2010 you decide to implement the following rules The day following expiry of the...
-
Sandhill manufactures mountain bikes. Its sales mix and contribution margin information per unit are as follows: Sales Mix Contribution Margin Destroyer 16% $150 Voyager 61% 57 Rebel 23% 39 It has...
-
Figure Q4 shows a test specimen with a circular cross section before conducting a standard tensile test. The following table (Table Q4) presents the results of the tensile test. Answer the following...
-
Sarah has recently joined the accounting department of a medium-sized company. As part of her role, she is responsible for analysing financial data and presenting it in a meaningful way. Sarah has...
-
oil prices increased 90% during the first half of 2008 just when the us recession was taking hold in other words the economy was on a decline. how did this affect the market for air travel? show a...
-
Explain the increase/decrease, debit/credit relationship of asset, liability, and owners equity accounts.
-
Which task is performed by a book-keeper? A. Analysing the trading results B. Entering transactions in the ledger C. Preparing year-end financial statements D. Providing information for...
-
Under the Companies Act 2006, directors owe various duties to a company. Outline the seven general duties of directors which are set out in sections 171177 of the Companies Act 2006.
-
Pike, Harri, and Raj are directors of a beauty products company. Pike is responsible for negotiations with suppliers and customers. He agrees a contract between the company and Bleach Ltd for the...
-
Herb Ltd has three directors: Parsley, Sage, and Rosemary. Occasionally Parsley and Rosemary come into the companys premises but all decisions about running the company are left to Sage, who acts as...
-
The relationship between a market-based economic system and economic development, explain why Argentina has failed to shift toward a market-based system? What are the key factors that determine...
-
. Jason Jones is a flight attendant for Southeast Airlines. He went to Well-Mart (a large retail and pharmacy chain) for his COVID-19 vaccine. After he was fully vaccinated, he lost his paper vaccine...
-
The Holland Furnace Company's furnace repair scam involved several fraudulent tactics when dealing with consumers. What were these fraudulent tactics?
Study smarter with the SolutionInn App