CFE – Financial Transactions and Fraud Schemes — Question 52

Which of the following statements about corporate espionage is CORRECT?

Answer options

• A. Corporate espionage involves the use of illegal, clandestine means to acquire information for commercial purposes.
• B. Corporate espionage is considered to be a legitimate business function.
• C. Corporate espionage and competitive intelligence are synonymous terms.
• D. Corporate espionage is the process by which competitor data re assembled into relevant, accurate, and usable knowledge.

Correct answer: A

Explanation

The correct answer is A, as corporate espionage indeed relies on illegal and secretive methods for obtaining business information. Options B and C are incorrect because corporate espionage is illegal and unethical, distinguishing it from legitimate business practices and competitive intelligence. Option D mischaracterizes corporate espionage, as it implies a lawful and constructive process rather than the illicit nature of espionage.