Which of the Following Best Represents an Example of Fraud

question 22

Multiple Choice

Which of the following best represents an example of fraud utilizing the lapping technique?

• A)An employee transfers cash on the last day of the year in order to double record it in the bank accounts.
• B)An employee creates a fictional vendor and requests payment to a personal P.O.box.
• C)An employee opens the mail to cover up payroll fraud received on a fictional person.
• D)An employee covers up the stealing of receipts by posting to the wrong customer accounts.

Recognize the concept of a high-performance work system and its reliance on employee skills and commitment.

Understand the financial and non-financial benefits of training programs to organizations and society.

Acknowledge the influence of the external environment on training and development strategies.

Understand the trade-offs involved in balancing the need for capital with the preservation of equity for startup companies.

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Definitions:

International Sales

International sales involve the selling of goods and services across national borders, requiring knowledge of various markets, cultures, and regulations.

Cold Canvassing

A sales technique where individuals or businesses are approached without prior contact or relationship, often used to solicit new customers or gather information.

Personal Selling Process

describes the sequence of steps salespeople follow to persuade potential customers to purchase a product or service.

Cultural Setting

The environment and context influenced by societal norms, values, practices, and beliefs in which individuals or groups operate.