Banks Have Long Been Embezzlement Targets, but the Advent of Computers

question 58

True/False

Banks have long been embezzlement targets, but the advent of computers has made it both easier to commit and more lucrative.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how often a company collects its average accounts receivable balance over a period.

Inventory Turnover

A metric that measures how many times a company's inventory is sold and replaced over a specified period.

Total Current Assets

The sum of all assets that are expected to be converted into cash, sold, or consumed within one year or one business cycle, whichever is longer.

Common Stock

A type of security representing ownership in a corporation, giving holders a share of the company’s profits via dividends.