Which of the Following Is an Opportunity That Could Contribute

question 23

Multiple Choice

Which of the following is an opportunity that could contribute to employee fraud?

• A) an employee's spouse loses their job
• B) an employee suddenly acquires lots of credit cards
• C) an employee is upset that he was passed over for a promotion
• D) close association with suppliers or customers

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Definitions:

Discount Rate

The interest rate charged to commercial banks and other financial institutions for loans received from a country's central bank.

Actual Interest Rate

The actual rate of interest earned or paid on an investment or loan, considering compounding and other factors, as opposed to the nominal rate.

Non-Interest-Bearing Note

A type of debt instrument that does not pay interest to the holder, instead being issued at a discount to its redemption value.

Discount Rate

The interest rate used to discount future cash flows to their present value; often reflects the risk-free interest rate.