Fraud Is

question 59

Multiple Choice

Fraud is:

• A)Harder to conceal in the routine events of conversion and sales
• B)Harder to conceal in the administrative processes such as investments because they are nonroutine and the number of transactions varies
• C)Harder to conceal when initiated by top management due to limited access to the records
• D)Potentially avoided by proper internal control processes

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Definitions:

Ethnocentrism

The conviction that one's ethnic group or culture is superior by nature, usually paired with the habit of judging other cultures based on the standards of one's own.

Corporate Gifts

Items given by a company to its clients, employees, or other stakeholders as a gesture of goodwill or appreciation.

Individualism View

A perspective that emphasizes the importance of individual rights and responsibilities, often contrasted with collectivism.

Ethical Behaviour

Conduct that is in accordance with what is considered morally right and fair in society, often guided by codes of conduct in professional settings.