Which of the Following Is FALSE Regarding a Comprehensive Approach

question 28

Multiple Choice

Which of the following is FALSE regarding a comprehensive approach to fighting fraud?

• A) Detecting fraud is the responsibility of the independent auditors
• B) Evaluating controls is the function of the internal auditor
• C) Corporate security officers see their role as investigative
• D) Employees are in the best position to prevent and spot fraud

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Definitions:

Substitutes

Products or services that can be used in place of each other, satisfying similar consumer needs or desires.

Demand Curve

The demand curve is a graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to purchase at various prices.

Monopolist

A market participant that is the sole provider of a product or service, giving them significant control over pricing and market conditions.

Market Demand Curve

A graphical representation that shows the quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.