Which of the Following Is the Most Common Type of Occupational

question 32

Multiple Choice

Which of the following is the most common type of occupational fraud?

• A) Management fraud
• B) Mail fraud
• C) Investment fraud
• D) Employee embezzlement

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Definitions:

Accumulated Straight-line Depreciation

The total amount of depreciation expense that has been recorded for an asset to date, using the straight-line method of depreciation.

Tax Bracket

A range of incomes taxed at a particular rate under a progressive tax system.

Capital Asset

An asset held by an individual or business for investment or personal purposes, excluding inventory or assets sold in the ordinary course of a business.

Rental Property

A property owned by an individual or entity that is rented out to tenants in exchange for monthly rent payments.