Rick, a Support Worker, Takes His Client's Chequebook, Forges the Client's

question 20

Multiple Choice

Rick, a support worker, takes his client's chequebook, forges the client's signature, and cashes the cheque.This is an example of which of the following?

• A)Psychological abuse
• B)Neglect
• C)Physical abuse
• D)Financial abuse

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Definitions:

Marketable Trading Investments

Financial assets that are purchased with the intention of selling them in the short term to profit from price fluctuations.

Unrealized Loss

A decrease in the value of an investment that has not yet been sold and therefore not officially recorded as a loss in the accounting records.

Realized Losses

Refers to the loss recognized when assets are sold for a price lower than their original purchase price.

Fair Value Through Profit

A method where financial assets are revalued to their current market prices on the balance sheet, and fluctuations are reported in the profit or loss statement.