Two or More Employees Working Together to Defraud a Company

question 171

Multiple Choice

Two or more employees working together to defraud a company is referred to as:

• A)team work.
• B)collusion.
• C)embezzlement.
• D)fraud.

---

Definitions:

Direct Labor Incurred

The cost of wages paid to workers directly involved in the production of goods or services.

Raw Materials

Raw materials are the basic, unprocessed inputs that are used in the manufacturing process to produce finished goods.

Factory Overhead Rate

A rate used to assign or allocate factory overhead costs to individual units of production, usually based on a standard measure such as labor hours or machine hours.

Direct Labor Cost

The total of all wages paid to employees who are directly involved in the production of goods or services.