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:

Organizational Levels

The layers of hierarchy within an organization, including top management, middle management, and operational staff, each with specific roles and responsibilities.

Geographic Areas

Specific physical locations on the Earth's surface, defined by natural or artificial boundaries.

Functional Departments

Organizational units within a company, built around specific tasks, areas of expertise, or operations, such as marketing, finance, or human resources.

Ethics Competency

The ability to understand and apply ethical principles and values to professional conduct and decision-making.