The Most Common Fraud in the Acquisitions Area Is for the Perpetrator

question 74

Multiple Choice

The most common fraud in the acquisitions area is for the perpetrator to

• A)alter the cheque payment file before it is printed so that the payee name is changed.
• B)issue payments to fictitious vendors and deposit the cheques to a fictitious account.
• C)change the optical characters at the bottom of a cheque to alter the account to be credited.
• D)issue duplicate payments for invoices and then pocket the second cheque.

Determine the impact of working capital on project cash flows.

Understand and apply straight-line depreciation in project analysis.

Calculate the internal rate of return (IRR) and simple rate of return (SRR) for investment projects.

Rank investment projects based on profitability index.

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Definitions:

Set Point

A set point in physiological and psychological contexts refers to a theoretical value that the body or mind aims to maintain through various regulatory mechanisms, such as body temperature or weight.

Operant Level

The baseline rate of a behavior before conditioning or reinforcement is applied.

Skinner

An American psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.

Response Deprivation Theory

The idea that when a contingency restricts access to an activity, it causes that activity to become a reinforcement.