Kiting

question 58

Multiple Choice

Kiting:

• A) involves unintentional misplacement of cash.
• B) involves intentional duplication of cash.
• C) is detected through review of the bank reconciliations.
• D) None of the above.

---

Definitions:

Exponential Distribution

A probability distribution used to model the time between events in a process where events occur continuously and independently at a constant rate.

Parameter

A measurable feature or characteristic that helps to define or classify a system, often a constant in mathematical models and statistical analyses.

Exponentially Distributed

A statistical term used to describe the time between events in a Poisson point process, where events occur continuously and independently at a constant average rate.

Random Variable

An element with numerical values produced by the uncertainty of events.