_____ Is the Term for When an Employee Steals Money

question 83

Multiple Choice

_____ is the term for when an employee steals money from a firm.

• A) Cheating
• B) Fraud
• C) Embezzlement
• D) Promotion

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Definitions:

Buying Specialization

A procurement approach where purchasing responsibilities are divided amongst team members based on specific categories of goods or services.

Purchasing Consortium

A group of companies or organizations that join together to pool their purchasing power, aiming to negotiate better terms and prices from suppliers.

Collaborative Purchasing

A strategy where multiple organizations come together to negotiate and buy products or services to achieve cost savings and other buying synergies.

Design Stage

The phase in a project or product development process where the visual aspects, functionalities, and specifications are planned and drafted.