In a Fraud Scheme Known as ____, the Perpetrator Attempts

question 78

Multiple Choice

In a fraud scheme known as ____, the perpetrator attempts to cover the theft of cash received from customer A by applying cash collected from customer B to A's account, then applying a receipt from C to B's account, and so forth.

• A) Kiting
• B) lapping
• C) schmoozing
• D) hacking

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Definitions:

Excise Tax

A tax levied on specific goods, services, or transactions, often included in the price of the product or service.

Computer-Controlled

Systems or devices managed or operated by computer algorithms or software rather than directly by human intervention.

External Change Agents

Individuals or organizations from outside an organization who are brought in to oversee or facilitate change management processes and organizational transformations.

Organization's History

The record of significant events, decisions, and changes that have shaped an organization's development and culture over time.