(True and False)
1. All frauds that are detected are made public.

2. Perpetrators use trickery, confidence, and deception to commit fraud.

3. One of the most common responses to fraud is disbelief.

4. Manufacturing companies with a profit margin of 10 percent must usually generate about 10 times as much revenue as the dollar amount from the fraud in order to restore net income to its pre-fraud level.

5. Fraud involves using physical force to take something from someone.

6. Telemarketing fraud is an example of employee embezzlement.

7. When perpetrators are convicted of fraud, they often serve jail sentences and/or pay fines.

8. Management fraud is deception perpetrated by an organization’s top management.