Final answer:
Misrepresentation of a product, program, or service for financial gain is known as fraud.
Step-by-step explanation:
Misrepresentation of a product, program, or service for financial gain is known as fraud. Fraud involves intentionally deceiving others in order to obtain money or other benefits.
For example, a company that claims their weight loss program can help you lose 10 pounds in a week, but actually provides no scientific evidence or support for their claim, would be engaging in fraud.
Fraud is illegal and can lead to serious consequences, including fines and imprisonment.