Which of the Following Is NOT an Example of Fraud

question 67

Multiple Choice

Which of the following is NOT an example of fraud in the acquisition and payment cycle?

• A) Theft of inventory by employees.
• B) Inventory shrinkage.
• C) Large manual adjustments to inventory accounts.
• D) Excess inventory because of a production slowdown.

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Definitions:

Timeplot

A graphical representation of how a variable changes over time, displaying data points connected by lines to show trends or patterns.

Annual Profits

The net earnings of a company over a one-year period after all expenses have been deducted from its total revenue.

Distribution

In statistics, the way in which values of a variable or a set of variables spread out across a data set or population.

Government Workers

Individuals employed by federal, state, local, or international government agencies.