The study conducted by the Association of Certified Fraud Examiners in 2008 estimated that U.S. organizations lose _____ percent of their annual revenues to fraud
a. 8
b. 7
c. 23
d. 17
b
FEEDBACK: a. Incorrect.
b. Correct. Applied to the estimated 2008 U.S. gross domestic product (GDP), this 7 percent figure would translate to approximately $994 billion in fraud losses.
c. Incorrect.
d. Incorrect.
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