Which of the Following Would Be an Indicator of Potential

question 75

Multiple Choice

Which of the following would be an indicator of potential fraud?

• A)Photocopies of invoices in the voucher file
• B)Vendor invoices in numerical order
• C)Vendors with only post office box addresses
• D)All of these indicate potential fraud.

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Definitions:

Interest Rate

The percentage of a loan charged to the borrower as interest, usually presented as an annual rate of the remaining loan balance.

Present Value

The calculated present value of a prospective sum of money or cash flow stream, utilizing a given rate of return.

Land

In economics, land refers to all natural resources used to produce goods and services, including not just real estate but also agricultural land, forests, and mineral resources.

Demand

The amount of a product or service that buyers are ready and capable of buying at different price levels over a specific period.