Which of the Following Statements Is True of Embezzlement

question 74

Multiple Choice

Which of the following statements is true of embezzlement?

• A) It is hardly committed by highly trusted employees with access to cash or to the check-writing process.
• B) It excludes the appropriation of funds for personal use by an employee from an employer.
• C) It can increase the chances of more similar frauds if cosigned checks are used.
• D) It is a crime easily committed when there is a lack of internal control over funds.
• E) It refers to making payments to a person who has facilitated a criminal transaction.

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Definitions:

Gift Solicitation Methods

Gift Solicitation Methods are strategies used by organizations, especially non-profits, to ask for donations, contributions, or gifts from individuals, corporations, or foundations.

Tax Rates

The percentages at which income or property is taxed by a government, varying across jurisdictions and income levels.

Charitable Giving

The act of donating money, goods, or time to support nonprofit organizations or causes.

Approaches to Giving

Various methods or strategies adopted by individuals or organizations to donate resources, including time, money, or goods, to charitable causes.