Which of the Following Is Not One of the Four

question 17

Multiple Choice

Which of the following is not one of the four common elements of occupational fraud and abuse first identified by the Association of Certified Fraud Examiners in 1996?

• A) The activity costs the employing organization assets, revenues, or reserves.
• B) The activity violates the employee's fiduciary duties to the organization.
• C) The activity is clandestine.
• D) The activity is restricted to corporate executives.

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Definitions:

R&D Spending

Expenditures dedicated to research and development activities with the aim of creating new technologies, products, or processes.

Market Structure

The organizational and other characteristics of a market that influence the behavior of participants and the nature of competition.

Government Patents

Legal rights granted by the government to inventors for their inventions, giving them an exclusive right to use, make, and sell the invention for a certain period.

Imitation Problem

The challenge businesses face when competitors copy their products or services, potentially reducing the original company's profits and market share.