Benford's Law Is

question 32

Multiple Choice

Benford's Law is:

• A) An algorithm that predicts the probability of fraud within the company.
• B) A tool that converts financial statements to percentages
• C) An algorithm that accurately predicts the probability of selected digits of groups of numbers in a random sample.
• D) The number of dollars of borrowed funds for every dollar invested.

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Definitions:

Self-Absorbed

Excessively preoccupied with oneself and one's own needs, often at the expense of others.

Apathy

A lack of interest, enthusiasm, or concern, often manifesting as a symptom in various mental health conditions such as depression.

Mania

A mental condition characterized by periods of great excitement, euphoria, delusions, and overactivity.

Leader-Member Exchanges

involves the relationship dynamics between leaders and their followers, focusing on how these interactions affect organizational outcomes.