Which of the Payroll Fraud Scheme Listed Below Tend to Generate

question 48

Multiple Choice

Which of the payroll fraud scheme listed below tend to generate the largest losses?

• A)commission
• B)falsified hours and salary
• C)ghost employee
• D)false worker compensation

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Definitions:

Economic Profits

Profits exceeding the opportunity costs of all resources used, including both explicit and implicit costs.

Accounting Profits

The difference between total revenues and explicit costs, representing the net income a company reports on its financial statements.

Most Efficient Output

The level of production at which a firm operates with the lowest average total cost, achieving optimal efficiency.

Long Run

A period in economic analysis in which all inputs can be adjusted and no factors are fixed.