Another Method Used by Employees to Conceal the Misapplication of Customer

question 18

True/False

Another method used by employees to conceal the misapplication of customer payments is the theft of alteration of account statements.

---

Definitions:

Scanlon Plan

A gain-sharing program that rewards employees for incremental improvements in productivity and cost savings.

Cost Savings

The action of reducing expenses and improving efficiency in operations, often through methods such as budget cuts, restructuring, or investing in technology.

Suggest Strategies

The process of proposing plans or methods to solve specific problems or achieve objectives, typically within a business or organizational context.

Total Gain

The complete profit or advantage obtained from an investment or a series of transactions.