Which Fraud Is Usually Prevented When the Treasurer Signs and Distributes

question 58

Multiple Choice

Which fraud is usually prevented when the treasurer signs and distributes prenumbered checks?

• A) Fictitious employees added to the payroll.
• B) Employee paid for hours not worked.
• C) Payroll calculations are inaccurate.
• D) Checks are misappropriated.

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Definitions:

Monopolistic Competitor

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power in setting prices.

Demand

The desire and ability of consumers to purchase goods and services at given prices.

Regular Buyers

Consumers who frequently purchase goods or services from the same company or brand, showing loyalty or preference.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.