It Is Considered Fraud for an Employee of an Organization

question 52

True/False

It is considered fraud for an employee of an organization to wrongly use influence to procure a personal benefit that is contrary to their duty to the organization.

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Definitions:

Investors

Individuals or entities that allocate capital to various types of investments, expecting to generate a financial return.

Business Incubator

Offers space, shared services and advice to help small businesses get started.

Administrative Services

Services provided within an organization to support its operations, usually including tasks like clerical work, maintenance, and logistics.

Small Businesses

Businesses with limited revenue and number of employees, typically seen as privately owned corporations, partnerships, or sole proprietorships.