Which of the Following Is Not a Potential Fraud Indicator

question 54

Multiple Choice

Which of the following is not a potential fraud indicator in the acquisition cycle?

• A)expenses that are significantly above or below industry norms.
• B)expense accounts that have significant debit entries.
• C)payments made to senior officers in the form of loans that are subsequently forgiven.
• D)capital assets that seem to be growing faster than the business.

Understand the purpose and effective preparation of a résumé.

Comprehend the benefits and strategies for researching industries, competitors, and customer behaviors.

Realize the impact of online professional profiles and social media on hiring decisions.

Recognize the importance of customizing applications and résumés to specific job openings and employer needs.

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Definitions:

FICA Medicare Taxes

These are taxes collected from both employers and employees in the United States to fund the Medicare program, which provides healthcare benefits for qualified individuals.

Federal Unemployment Taxes

Taxes imposed by the federal government on employers to fund state workforce agencies and unemployment insurance for workers who have lost their jobs.

State Unemployment Taxes

Taxes paid by employers to provide funding for unemployment compensation benefits for workers who have lost their jobs.

FICA Social Security Taxes

Taxes collected under the Federal Insurance Contributions Act (FICA) to fund the Social Security program, which provides benefits for retirees, the disabled, and children of deceased workers.