The General Type of Fraud That Involves Some Form of Theft

question 49

Multiple Choice

The general type of fraud that involves some form of theft is typically known as _______.

• A)misappropriation of assets
• B)improper asset valuation
• C)fictitious sales
• D)unrecorded liabilities

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Definitions:

Keep Promises

The act of fulfilling commitments or assurances one has made to others.

Be Enthusiastic

To show intense and eager enjoyment, interest, or approval about a subject or activity.

Herb Kelleher

was the co-founder and former CEO of Southwest Airlines, known for his innovative management style and focus on company culture.

Trust

A firm belief in the honesty and reliability of another; confidence developed by dealing openly with others, considering all points of view, keeping promises, and caring about people.