Which of the Following Is a Possible Indication That Fraud

question 33

Multiple Choice

Which of the following is a possible indication that fraud may be present?

• A) An employee's spouse is diagnosed with Alzheimer's disease.
• B) An employee's lifestyle changes suddenly.
• C) An employee's spouse has a serious vehicle accident.
• D) An employee reports that another employee is a gambling addict.

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Definitions:

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes involved in sustaining the activity.

Price

The total money needed for acquiring a good, service, or asset.

Short Run

A period during which at least one of a firm's inputs is fixed, limiting its capacity to adjust to changes in demand.

TC

Total Costs, the sum of all costs incurred in the production of goods or services.