Which of the Following Is a Possible Indication That Fraud

question 33

Multiple Choice

Which of the following is a possible indication that fraud may be present?

• A) An employee's spouse is diagnosed with Alzheimer's disease.
• B) An employee's lifestyle changes suddenly.
• C) An employee's spouse has a serious vehicle accident.
• D) An employee reports that another employee is a gambling addict.

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Definitions:

APR

Annual Percentage Rate, which shows the cost of credit on a yearly basis expressed as a percentage.

Compounded Monthly

The process of adding interest to the principal sum of a loan or deposit, or in other words, interest on interest, on a monthly basis.

Deposit

A sum of money placed in a bank account or paid as the first installment on a purchase, establishing a right to the full ownership or to secure a contract.

Birthday Money

A non-formal term usually referring to money received as a gift on one's birthday.