The Type of Fraud Committed by Employees of an Entity

question 159

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) embezzlement.
• D) collusion.

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Definitions:

Vicarious Experiences

Learning or emotional experiences gained by watching, reading about, or hearing about the actions of others rather than through direct personal experience.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome.

Modeling

A learning method where individuals ascertain how to act or perform by observing others, often used in cognitive psychology and behavioral analysis.

Surgery

A branch of medicine that involves the treatment of diseases, injuries, or deformations by manual or operative procedures.