Larceny Is Easier to Detect Than Skimming Because

question 49

Multiple Choice

Larceny is easier to detect than skimming because:

• A)larceny involves stealing cash after it has already been recorded in the company's accounting system.
• B)larceny involves fraudulent disbursements of cash, while skimming involves fraudulent receipts of cash.
• C)larceny involves stealing cash as it is paid by a customer.
• D)larcenies can take place in any circumstance in which an employee has access to cash.

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Definitions:

Caveat Emptor

A Latin phrase meaning "let the buyer beware," which places the responsibility on the buyer to perform due diligence before making a purchase.

Law Book

A publication containing legal rules, regulations, and case law intended to guide lawyers, judges, and scholars in their legal work and studies.

Implied Warranty

An unstated guarantee that goods sold or services provided meet certain quality standards and fit for the purpose intended.

Breach

A violation or infraction of a law, obligation, tie, or standard.