Two or More People Working Together to Circumvent Internal Controls

question 165

Multiple Choice

Two or more people working together to circumvent internal controls and defraud a company is known as ________.

• A) encryption
• B) firewall
• C) collusion
• D) separation of duties

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Definitions:

Offshoring

Refers to the practice of relocating business operations or processes to another country, typically to reduce costs.

Exporting Jobs

The practice of relocating jobs and production facilities from one country to lower-cost or more efficient locations abroad, affecting the labor market in the country of origin.

Importing Products

Activities involving the bringing of goods or services from a foreign country into a domestic market.

Major Exports

Products or services that a country sells to others, which constitute a significant portion of its total exports and are crucial to its economy.