That statement is True
Frauds are gonna exist, no matter what country you're in
No matter how many frauds are there that exist around, if you're smart enough to recognize it , you won't fall into the fraud
Otherwise, no matter how hard the Governments' work to reducing the amount of frauds around you, if you're unaware and gullible, there's a pretty high chance you're gonna fall to one
Answer:
B. A receipt.
Explanation:
A receipt is normally given to the person after he or she purchased something, in case if the person wants a refund or etc he can use the receipt for evidence to be able to do so.
Answer:
C. Bill of Materials
Explanation:
The engineers make the list and then it is checked against the raw materials record to know how much existences are for each of the raw materials requested.
This is done to create some control, as the person that make the bill aren't the person who check the inventory therefore, they cannot overstate or understate the materials as they will be checked for the amount used.
Answer:
(d) all costs exclusive of payments to fixed factors of production.
Explanation:
The cost involved in the first three options is considered by economists as accounting cost. Economic cost involves the accounting cost, but it is added to the opportunity cost, which is the remuneration that an economic agent fails to receive for practicing one economic activity and not another.
For example, a business owner has fixed production costs, but it should add to his opportunity cost to be working in that firm rather than another economic activity.
If the question is trying to ask whether it is true or false, the answer is false. It is because whatever you chose or the decisions you make, there is always a cause, or things affecting your decision in which you will be held accountable for such as the statement above implies, you are accountable of resources and such when you choose.