Company C Contracts from Company T to Obtain a Temp

question 41

Multiple Choice

Company C contracts from Company T to obtain a temp employee (Employee A) . Employee A steals money from company C. Which type of fraud occurred?

• A) Employee embezzlement or occupational fraud
• B) Management fraud
• C) Investment scams
• D) Vendor fraud
• E) Customer fraud

---

Definitions:

Market Rate

The prevailing interest rate available in the marketplace on deposits, debts, or loans.

Nominal Rate

The Nominal Rate is the interest rate stated on a loan or financial product, not taking into account inflation or other factors that could affect the real value of the interest.

Premium

An amount paid in excess of a standard price or value, often related to insurance policies, bonds above par, or quality products.

Annual Amortization

The process of spreading out a loan or intangible asset cost over a specific period of time for accounting and tax purposes.