Which of the Following Is Not Necessary for a Ghost

question 1

Multiple Choice

Which of the following is not necessary for a ghost employee scheme to succeed?

• A) Timekeeping and wage rate information must be collected.
• B) The ghost must be added to the payroll.
• C) The perpetrator must have access to a bank account in the ghost employee's name.
• D) A paycheck must be issued to the ghost.

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Definitions:

Fixed Cost

Expenses that do not change in total over the short term, regardless of the level of production or sales volume.

Flexible Budget

A flexible budget adjusts based on changes in the volume of activity or other relevant factors. It allows for a more accurate comparison of budgeted versus actual costs under varying levels of activity.

Occupancy Expenses

Occupancy expenses are costs associated with renting or maintaining premises for business operations, such as rent, utilities, and property taxes.

Client-Visits

Meetings or interactions with clients, often used to build relationships, assess needs, or deliver services.