The Type of Fraud Committed by Employees of an Entity

question 150

Multiple Choice

The type of fraud committed by employees of an entity, who steal money from the company and cover it up through erroneous entries in the books, is called:

• A)misappropriation of assets.
• B)fraudulent financial reporting.
• C)pishing.
• D)collusion.

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Definitions:

Trade

The exchange of goods and services between individuals or entities, often in return for money.

Beneficial

Resulting in a good outcome or advantage.

Government Intervene

Actions taken by a government to influence or directly manage an economy or specific markets, often aiming to correct market failures, redistribute resources, or stabilize the economy.

Market

A place or mechanism where buyers and sellers interact to trade goods, services, or assets, determining prices through supply and demand.