You Are Investigating a Fraud in Which You Suspect That

question 6

Multiple Choice

You are investigating a fraud in which you suspect that one of your suppliers from another state has been giving bribes and kickbacks to your purchasing agent in exchange for a lucrative, exclusive contract. Which of the following agencies/individuals would be the most helpful in investigating this fraud?

• A) The FBI because they have national jurisdiction and can investigate and prosecute violators from a different state.
• B) The state attorney general for the supplier's state because they are responsible for enforcing all state civil and criminal laws.
• C) Postal inspectors because the bribes and kickbacks were most likely made through the mail system; therefore, federal mail statutes apply.
• D) The IRS because your purchasing agent is not too bright and probably reported the bribes and kickbacks as income on his tax returns.

Apply the complement rule in probability.

Understand the concept and calculation of the joint probability of events.

Identify and apply the addition and multiplication rules of probability.

Understand the concept of chemical equilibria and the factors affecting equilibrium constants.

---

Definitions:

Profit Rate

The ratio of net profits to total revenues of a business, indicating its efficiency at generating profit.

Inventory

The total amount of goods and raw materials held by a business to facilitate production or meet customer demand.

Invest

The action of designating assets, typically capital, in hopes of generating financial gains.

Profit Rate

The ratio of profits generated to the amount of capital or resources invested, indicating the efficiency of an investment or business operation.