Which of the Following Is a Typical Symptom of a Revenue-Related

question 2

Multiple Choice

Which of the following is a typical symptom of a revenue-related fraud?

• A) Significant new, unknown customers
• B) Fall in gross profit percentage compared to the previous year
• C) Purchases from suppliers not approved on vendor lists
• D) The company having a huge customer base

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Definitions:

Managing Finances

The practice of handling monetary resources efficiently, including budgeting, investing, and saving.

Adequate Cash Flow

The level of cash inflow that is sufficient to cover the outflow necessities for a business to operate smoothly and meet its financial obligations.

Home Based

Pertaining to businesses or activities that are operated out of a person's residence, rather than from an external office or commercial establishment.

Small Business Administration

A U.S. government agency designed to support and assist small businesses through funding, training, and advisory services.