When an Employee Steals Money from a Firm It Is

question 9

Multiple Choice

When an employee steals money from a firm it is called

• A) cheating
• B) fraud
• C) embezzlement
• D) promotion

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects debt from its customers over a period.

Financial Data

Financial data encompasses information on a company's financial performance, including income statements, balance sheets, cash flow statements, and ratios, used for analysis and decision-making.

Year

A period of approximately 365 days used for calculating time in most of the world, divided into 12 months.

Working Capital

Current assets minus current liabilities, indicating the liquidity of a business and its ability to meet short-term obligations.