Which of the Following Examples Is NOT a Billing Scheme

question 40

Multiple Choice

Which of the following examples is NOT a billing scheme?

• A) Mark purchases a new laptop computer for his brother-in-law with company funds.
• B) Mark submits a receipt of his cab fare for reimbursement, which includes an extra $10.
• C) Mark double pays a vendor for the purchase of inventory and then pockets the second payment when it is returned.
• D) All of the above are billing schemes

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Definitions:

Civil Penalty

A fine or other penalty imposed by a civil court on an entity found to have committed a violation or infraction.

Inside Information

Privileged, non-public information about a corporation or its securities that could provide an unfair advantage if used in trading.

1934 Securities Exchange Act

U.S. legislation that governs the trading of securities, including the establishment of the SEC.

Registration

The act of recording information or details officially with a designated authority or system, typically for recognition or to obtain certain rights.