What Is the Most Widely Recognized Way to Deter Fraud

question 35

Multiple Choice

What is the most widely recognized way to deter fraud?

• A) Encourage employees to report suspicious activity.
• B) Implement a good system of controls.
• C) Keep management involved in company procedures.
• D) Quickly punish employees found committing fraud.

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Definitions:

Population Proportion

A measure that describes the fraction of individuals in a population that possess a specified attribute or characteristic.

Sampling Distribution

A random sample's statistic's chance distribution.

Sample Size

The number of observations or data points collected in a sample, which can influence the reliability and accuracy of statistical analysis.

P-Value

The probability of observing data as extreme as, or more than, what was actually observed, assuming the null hypothesis is true.