Companies Can Reduce Fraud Risk By

question 12

Multiple Choice

Companies can reduce fraud risk by:

• A) implementing effective screening policies when hiring employees.
• B) maintaining a culture of honesty and high ethics.
• C) dealing fairly with employees.
• D) performing all of the above procedures.

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Definitions:

Accounts Receivable

Money owed to a business by its clients for goods or services provided on credit.

Visa and MasterCard

Global payment systems that facilitate transactions between merchants and card issuers to process credit and debit card payments.

Cash Sales

Transactions where payment is made in full using cash or electronic funds at the time of purchase.

Retailer

A business or person that sells goods directly to consumers for their own use.