A Fraud Technique That Slices Off Tiny Amounts from Many

question 44

Multiple Choice

A fraud technique that slices off tiny amounts from many projects is called the ________ technique.

• A) Trojan horse
• B) round down
• C) salami
• D) trap door

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Definitions:

Creditors

Individuals or entities that lend money or extend credit, and to whom a debt is owed by debtors.

Assumes

Taking something for granted or accepting it as true without verification.

Debts

Amounts of money owed by one party to another, typically as a result of borrowing funds or purchasing goods and services on credit.

Corporate Dissolution

The process of legally terminating the existence of a corporation, involving the cessation of business operations, liquidation of assets, and distribution of the residual to creditors and shareholders.