Which of the Following Is an Example of Output Fraud

question 40

Multiple Choice

Which of the following is an example of output fraud?

• A)A man used desktop publishing to prepare bills for office supplies that were never ordered or delivered and mailed them to local companies. The invoices were for less than $300, an amount that often does not require purchase orders or approvals. A high percentage of the companies paid the bills.
• B)Two accountants without the appropriate access rights hacked into Cisco''s stock option system, transferred over $6.3 million of Cisco stock to their brokerage accounts, and sold the stock. They used part of the funds to support an extravagant lifestyle, including a $52,000 Mercedes-Benz, a $44,000 diamond ring, and a $20,000 Rolex watch.
• C)The office manager of a Wall Street law firm sold information to friends and relatives about prospective mergers and acquisitions found in Word files. They made several million dollars trading the securities.
• D)A fraud perpetrator scanned a company paycheck, used desktop publishing software to erase the payee and amount, and printed fictitious paychecks.

Comprehend the constitutional and legislative framework governing presidential elections.

Acquire knowledge about significant civil rights legislation affecting voting rights and its historical context.

Understand the impact of amendments on voting rights, including those expanding suffrage to different groups.

Gain insight into the electoral influence phenomena, such as the presidential coat-tails effect.

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Definitions:

Shortcut Menu

A context-sensitive menu that appears when a user right-clicks on an object, offering a list of actions relevant to that object.

Calculated Fields

Fields in a database or spreadsheet where data is generated based on other data fields.

Equal Sign

A symbol (=) used to indicate that two quantities are equal in value or expression.

Field Row

A row in a database or spreadsheet that represents a single record, with each column within the row corresponding to a different field of data.