In One of the Case Studies in the Textbook, Bob

question 13

Multiple Choice

In one of the case studies in the textbook, Bob Walker was the head cashier for a discount drug store who perpetrated his fraud scheme by issuing fictitious refunds. What happened to Walker?

• A) He was placed on probation and ordered to make full restitution.
• B) The store terminated his employment and accepted a promissory note for the amount stolen in return for not turning him over to the police.
• C) His parole for a previous conviction was revoked and he was returned to prison.
• D) He was arrested, but disappeared after making bail.

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Definitions:

Volume Variance

A financial metric that measures the difference between the expected sales volume and the actual sales volume.

Spending Variance

The difference between the budgeted or standard cost of something and its actual cost, which can indicate areas of inefficiency or savings.