Which of the following statement is TRUE?Group of answer choicesFinancial crimes reduce business revenue & increases costs.Corruption has a disproportionate impact on the poor and most vulnerable -increasing costs and reducing access to services, including health, education and justice.All available answersIt is difficult to measure the size of financial crime in monetary terms because there are few reliable statistics.
Question
Which of the following statement is TRUE?Group of answer choicesFinancial crimes reduce business revenue & increases costs.Corruption has a disproportionate impact on the poor and most vulnerable -increasing costs and reducing access to services, including health, education and justice.All available answersIt is difficult to measure the size of financial crime in monetary terms because there are few reliable statistics.
Solution
Let's analyze each statement:
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Financial crimes reduce business revenue & increases costs: This is true. Financial crimes such as fraud, embezzlement, and money laundering can lead to significant financial losses for businesses. They also increase costs as businesses have to invest in security measures to prevent such crimes.
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Corruption has a disproportionate impact on the poor and most vulnerable - increasing costs and reducing access to services, including health, education and justice: This is also true. Corruption often leads to unequal distribution of resources, with the poor and vulnerable being the most affected. It can lead to increased costs for basic services and reduced access to essential services.
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It is difficult to measure the size of financial crime in monetary terms because there are few reliable statistics: This is true as well. Financial crimes often go unreported or undetected, making it difficult to accurately measure their extent and impact.
Given that all these statements are true, the correct answer is "All available answers".
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