One of the Most Effective Ways to Prevent Fraud Is

question 17

Multiple Choice

One of the most effective ways to prevent fraud is to implement a system of independent checks. Which of the following is not a common independent check?

• A) Employee Transfers
• B) Audits
• C) Mandatory vacations
• D) Surveillance

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Definitions:

Consumer Surplus

The discrepancy between the maximum price consumers are ready to spend on a good or service and their actual expenditure, reflecting the consumer's gain.

Government Policy

Actions and strategies designed and implemented by government bodies to achieve specific societal goals.

Producer Surplus

The difference between the amount a producer is paid for a good versus the minimum amount they would be willing to accept for the good.

Government Policy

Official strategies or principles that a government adopts and implements to guide decisions and achieve rational outcomes.