Which of the Following Is Not a Characteristic of Fraud

question 7

Multiple Choice

Which of the following is not a characteristic of fraud?

• A)Intent to deceive.
• B)Misrepresentation or intentional omission of significant information.
• C)Taking unfair or dishonest advantage of others for personal gain.
• D)Negligence on the part of executive management.

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Definitions:

Corporate Social Responsibility

A business strategy that ensures a company is responsible to its stakeholders, itself, and the public in a social context.

Capital Investments

Funds used by a firm to purchase, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Scorecard Cascading

The use of multiple scorecards, with scorecards divided into smaller, division- and job-specific scorecards so that all individuals throughout a company support the overriding strategy of the company.

Decentralized Corporation

A business structure where decision-making is distributed among various managers and departments, rather than being concentrated at the top level.