The Type of Fraud Committed by Company Managers,who Make False

question 6

Multiple Choice

The type of fraud committed by company managers,who make false and misleading entries in the books in order to improve a company's financial statements,is called:

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

---

Definitions:

Cent

A monetary unit that is equal to one hundredth of the base unit of currency in many countries, such as the dollar or euro.

Accurate

The quality of being true, correct, or precise.

Cent

The smallest unit of currency in many countries, equal to 1/100 of the base unit.

Insurance Broker

A professional intermediary who advises individuals and businesses on insurance needs and negotiates insurance contracts on their behalf with insurers.