Which of the following describes "fraud"?

The correct answer, which describes "fraud," refers to something that is intended to deceive. Fraud involves dishonest acts or practices that are designed to secure an unfair or unlawful gain, often involving misrepresentation or deceitful conduct. This definition captures the essence of fraud as it focuses on the intention behind such actions—the deliberate effort to mislead or trick others for personal benefit.

The other options describe concepts that do not align with the definition of fraud. A clever compliment implies a positive and genuine remark rather than deceit. A legitimate business operates within legal frameworks and standards, which stands in contrast to the deceptive nature of fraud. A type of investment generally refers to legitimate financial engagements, not deceitful strategies or actions. Hence, option B accurately encapsulates the true nature of fraud as being centered around intentional deception.