When Comparing Customer Theft and Employee Theft,which of the Following

question 59

Multiple Choice

When comparing customer theft and employee theft,which of the following statements is false?

• A) Over a dozen shoppers are caught for every time an employee is caught.
• B) As many as 30 percent of American workers admit to stealing from their employers, even if it is only a small item.
• C) Employee theft amounts to over $800 per apprehension.
• D) The average amount of merchandise recovered from a shoplifter is over $500.
• E) Employee theft is most prevalent in food stores, department stores, and discount stores.

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Definitions:

Rate of Return

A calculation that determines the percentage gain or loss on an investment relative to the investment's cost.

Years

Units of time measuring the duration of 365 days (or 366 days in a leap year), commonly used to quantify time.

Effective Annual Rate

The interest rate on an investment or loan that considers the effect of compounding over a one-year period.

Continuous Compounding

The process of calculating interest and reinvesting it into an account continuously, generating earnings on both the initial principal and the accumulated interest.