Which of the Following Is an Example of Double Billing

question 7

Multiple Choice

Which of the following is an example of double billing?

• A) A professor bills his own university, instead of the university he traveled to speak at for travel reimbursement.
• B) A professor leaves his job at one university for another but continues to collect pay from that university while receiving pay from the second university as well.
• C) A professor bills the same university twice for the same travel expenses.
• D) A professor bills her university for travel expenses and an outside booking firm for her fee to give a speech at another university.

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Definitions:

Net Income

The profit of a company after all expenses and taxes have been deducted from revenue.

Operating Expenses

Operating expenses are the costs associated with running a business's day-to-day operations, excluding the cost of goods sold.

Gross Profit

The difference between the revenue earned from selling goods or services and the cost of goods sold, not including overhead or other indirect expenses.

Cost of Goods Sold

The direct monetary requirements for producing goods that a company sells, involving both materials and workforce.