Research Indicates That the Most Effective Way to Prevent and Deter

question 37

Multiple Choice

Research indicates that the most effective way to prevent and deter fraud is to

• A) implement programs and controls that are based on core values embraced by the company.
• B) hire highly ethical employees.
• C) communicate expectations to all employees on an annual basis.
• D) terminate employees who are suspected of committing fraud.

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Definitions:

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Price

is the amount of money expected, required, or given in payment for something, reflecting the value that must be exchanged to obtain a good or service.

Quantity Demanded

The cumulative quantity of a product or service that buyers are ready and capable of buying at a certain price within a given timeframe.

Surplus

The situation where the quantity of a good or service supplied exceeds the quantity demanded, often resulting in a decrease in price.