Which of the Following Would Be Considered a Vendor Fraud

question 2

Multiple Choice

Which of the following would be considered a vendor fraud?

• A)The submission of duplicate or incorrect invoices.
• B)A customer tries to return stolen goods to collect a cash refund.
• C)The use of stolen or fraudulent credit cards.
• D)Inflating hours worked.

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Definitions:

Activity-Based Costing

A pricing approach that allocates overhead and indirect expenses to distinct activities, resulting in more precise costing for products or services.

Customer Support

Services provided to customers to help resolve issues, answer questions, and ensure satisfaction with a company's products or services.

Time-Driven

An approach where processes or decisions are based on specified durations or schedules, often to improve efficiency or productivity.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific products or services based on their use of activities, improving costing accuracy.