Fraud Committed by Electronic Means May Fall Under

question 311

Multiple Choice

Fraud committed by electronic means may fall under:

• A) internet fraud
• B) wire fraud
• C) telephone fraud
• D) telemarketing fraud
• E) any of the other choices

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Definitions:

Cash Management System

A suite of services and tools used by businesses to manage their cash flow, including collection services, disbursement services, and liquidity management.

Inventory Carrying Costs

Expenses related to storing and maintaining a company's stock, such as warehousing, insurance, and taxes.

Depreciation

An accounting method of allocating the cost of a tangible or physical asset over its useful life, representing how much of an asset's value has been utilized.

Collection Policy

Collection Policy outlines the procedures a company follows to collect accounts receivable or outstanding invoices.