Employee Fraud Involves Three Steps

question 87

Multiple Choice

Employee fraud involves three steps.Of the following,which is not involved?

• A)concealing the crime to avoid detection
• B)stealing something of value
• C)misstating financial statements
• D)converting the asset to a usable form

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Definitions:

Product/Service Quality

The degree to which a product or service meets or exceeds customer expectations in terms of performance, reliability, and satisfaction.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business venture in order to bring new products, services, or ideas to the market.

Ambiguity

The quality of being open to more than one interpretation; vagueness or uncertainty.

Small Business

An independently owned and operated company that is limited in size and in revenue depending on the industry.