The Type of Fraud Committed by Employees of an Entity,who

question 156

Multiple Choice

The type of fraud committed by employees of an entity,who steal money from the company and cover it up through erroneous entries in the books,is called:

• A)misappropriation of assets.
• B)fraudulent financial reporting.
• C)phishing.
• D)collusion.

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Definitions:

Expected Time

In project management, the average time estimated for the completion of a task or project, considering the most likely, optimistic, and pessimistic scenarios.

CPM Networks

Critical Path Method (CPM) networks are project management tools that map tasks in a project, identifying the longest sequence of dependent tasks (critical path) to determine the shortest project duration.

Project Duration

Project duration is the total time from the initiation to the completion of a project, encompassing all phases of its lifecycle.

Critical Path

The longest sequence of dependent tasks in a project, determining the shortest possible duration to complete the project.