Complete Strangers Approached in a Public Place by Someone Offering

question 102

Multiple Choice

Complete strangers approached in a public place by someone offering a great deal on valuable commodities would be called:

• A) amateur receivers.
• B) associational fences.
• C) professional fences.
• D) neighborhood hustlers.

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Definitions:

Collusion

Collusion refers to a secret or illegal cooperation or conspiracy, especially among firms, to deceive or gain an unfair advantage.

Fraud Committee

A group formed within an organization tasked with overseeing the detection, investigation, and prevention of fraudulent activities and ensuring financial integrity.

Segregation of Duties

An internal control measure that involves dividing responsibilities among different people to reduce the risk of error or inappropriate actions in financial transactions.

Authorize and Pay

The process of approving financial transactions or disbursements and executing the payment accordingly.