Types of Fraud That May Occur in the Payroll Function

question 49

Multiple Choice

Types of fraud that may occur in the payroll function includes all of the following, except:

• A)Overstated hours
• B)Incorrectly computed tax withholdings
• C)False claims of sick leave
• D)Pay claims made by ghost employees

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Definitions:

Average Variable Cost Curve

A graphical representation showing how the average variable cost of production changes with the quantity of output produced.

Marginal Cost Curve

A curve that illustrates the change in total cost that arises when the quantity produced changes by one unit, typically upward sloping due to increasing marginal cost.

Average Cost Curve

A graphical representation showing the average cost of production at different levels of output.

Production Function

A mathematical model describing the relation between input quantities and their respective outputs.