James Turner, CFE, Was Called in to Investigate a Sales

question 1

Multiple Choice

James Turner, CFE, was called in to investigate a sales skimming case at Durant Hardware. During an admission-seeking interview of Nadia Brown, the primary suspect, James asked, "Did you just want some extra money, or did you do this because you had financial problems?" Nadia began crying and nodded yes. This small admission as a response to James' question is called a:

• A) Provisional admission
• B) Point-of-reference confession
• C) Benchmark admission
• D) Tentative confession

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Definitions:

Financing Statement

A document filed to indicate a secured interest in an asset, used to publicize a creditor's right to collateral.

Consumer Goods

Products intended for personal or household use.

Compensatory Damages

Monetary payments awarded to compensate the injured party for direct losses suffered.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, typically repayment of a debt.