Payroll Fraud May Occur in Which of the Following Ways

question 116

Multiple Choice

Payroll fraud may occur in which of the following ways?

• A)Payroll transactions are processed for fictitious employees and the funds are diverted for personal use
• B)When there is frequent turnover, there is risk that a new employee will not get on the payroll promptly
• C)Management may misclassify or understate labor costs for government contract work
• D)All of the answer choices are correct.

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Definitions:

Neutrons

Subatomic particles found in the nucleus of an atom, with no electric charge and a mass slightly greater than that of protons.

Protons

Positively charged subatomic particles found in the nucleus of an atom, contributing to the atom's mass and defining the element's atomic number.

Electrons

Negatively charged subatomic particles that orbit the nucleus of an atom, involved in electrical conduction and chemical bonding.

Buffer

A solution or compound that stabilizes the pH of a solution by adding or removing hydrogen ions.