Which is NOT something that a fraud perpetrator conducting a bust-out is likely to do?
a. Work to establish credibility
b. Contact law enforcement to strengthen their cover
c. Quietly buy an existing company that already has established credit or business
d. Take on a business name similar to a well-reputed company
e. A fraud perpetrator conducting a bust-out is likely to do all of the above
b
FEEDBACK: a. Incorrect. This is an important part of getting people to invest money or conduct business.
b. Correct. This is not something that most fraudsters are going to chance.
c. Incorrect. This is a great way for fraudsters to get the fraud started quickly.
d. Incorrect. This is another tactic that fraudsters can use to gain credibility and business.
e. Incorrect.
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Similar to import tariffs, quotas on imports result in
a. higher levels of consumer surplus. b. lower levels of producer surplus. c. higher prices for domestic consumers. d. higher prices for foreign consumers.
The difference between advertising and publicity is that advertising is
A. designed for very targeted audiences, while publicity reaches mass audiences. B. designed to remind consumers, while publicity is used to persuade consumers. C. more effective in reaching consumers. D. a paid form of marketing communication. E. almost always used in conjunction with consumer satisfaction surveys.
The Cougar Corporation has issued 20-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 10% and the current yield to maturity is 12%, what is the firm's current price per bond?
A) $850.61 B) $849.54 C) $1,170.27 D) $1,171.59
Plumbers who serve as subcontractors are often held liable for:
A) professional liability B) completed operations liability C) toilet clog liability D) This is a trick question; subcontracted plumbers cannot be held liable for anything once they complete a job.