Research Indicates That Fraud Occurs Less Frequently When Employees Have

question 20

Multiple Choice

Research indicates that fraud occurs less frequently when employees have feelings of ___________ toward their organization than when they feel abused, threatened, or ignored.

• A) Tenure
• B) Avoidance
• C) Ownership
• D) Responsibility

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Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold, before deducting overheads, payroll, taxation, and interest payments.

Net Profit

The financial gain produced after subtracting all expenses, taxes, and costs from total revenue.

Exercise Option

An option in derivatives trading that allows the holder to buy or sell an asset at a predetermined price before or on a specific date.

Convertible

A type of financial security that can be changed into a different form, most commonly a bond that can be converted into shares of the issuing company.