Which of the Following Best Represents an Example of Fraud

question 22

Multiple Choice

Which of the following best represents an example of fraud utilizing the lapping technique?

• A)An employee transfers cash on the last day of the year in order to double record it in the bank accounts.
• B)An employee creates a fictional vendor and requests payment to a personal P.O.box.
• C)An employee opens the mail to cover up payroll fraud received on a fictional person.
• D)An employee covers up the stealing of receipts by posting to the wrong customer accounts.

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Definitions:

Post-Traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Seven Sins

Traditionally refers to the seven deadly sins in Christian theology, but without context, it is insufficient to define.

Memory Sin

The concept that memory is fallible, including errors like forgetting, distortion, or fabrication, as categorized by psychologist Daniel Schacter.

Bias

A tendency to lean in a certain direction, either in favor of or against something, often in a manner considered to be unfair or prejudiced.