Lapping Is a Fraudulent Scheme to Steal Cash Through Misappropriating

question 79

True/False

Lapping is a fraudulent scheme to steal cash through misappropriating certain customer payments and posting payments from other customers to the affected accounts to cover it up.

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Definitions:

Formal Education

Structured learning that takes place within an academic institution, such as schools or universities, following a set curriculum.

Kindergarten

An educational institution or learning environment for young children before they begin compulsory education at primary school.

Awareness

The knowledge or perception of a situation or fact, often leading to an understanding of complex issues or the need for action.

Habituate

The process by which an individual becomes accustomed to a stimulus or an environment, decreasing their reaction over time.