Which of the Following Situations Would Indicate a Susceptibility to Fraud

question 9

Multiple Choice

Which of the following situations would indicate a susceptibility to fraud that pertains to theft of cash?

• A)lack of segregation of duties between the handling of cash and the recording of cash
• B)cash disbursement cheques requiring only one authorizing signature
• C)payroll rates being approved by the corporate controller
• D)customer master file changes being handled by the controller's executive assistant

Calculate direct labor costs and raw material purchases as part of the budgeting process.

Recognize the sequence and interconnections between different components of the master budget.

Utilize budgeting data to inform financial decision-making and planning.

Understand the concepts of a production budget and its implications for material requirement planning.

---

Definitions:

Multilateral Transfer

The transfer of resources (financial, goods, services) between multiple countries or parties without direct reciprocation.

Developing Country

A nation with a lower level of industrialization, a lower standard of living, and a lower Human Development Index (HDI) compared to developed countries.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

Privatization

The process of transferring ownership or control of a business or service from the government to private individuals or organizations.