Which of the Following Elements Were NOT Part of the Fraud

question 6

Multiple Choice

Which of the following elements were NOT part of the fraud at Tyco?

• A) Benefits given to certain members of the board of directors to secure their silence about the fraud
• B) Corporate assets used by members of top management for personal purposes
• C) Setting up special-purpose-entities to keep debt off Tyco's books
• D) Related party transactions that were not adequately disclosed

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Definitions:

Memory

Memory is the faculty by which the mind stores and remembers information.

Procedure

A specified series of actions or operations conducted to achieve a certain result or perform a task.

Loyalty

A strong feeling of support or allegiance toward someone or something, often manifesting as faithfulness to commitments or obligations.

Sunrise

The daily event of the sun appearing above the horizon in the east, marking the beginning of the day.