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Discuss the Two Most Common Ways in Which Employees Can

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Discuss the two most common ways in which employees can defraud a company in the payroll area.


Definitions:

Initiation

The act of beginning or starting something, such as a process, project, or activity.

Maturity

Specified date at which the principal amount of a bond is paid.

Payoff Profile

A plot showing the gains and losses that will occur on a contract as the result of unexpected price changes.

Forward Contract

A customized contract between two parties to buy or sell an asset at a specified price on a future date.

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