Which of the Following Is Defined as the Practice of "Pocketing

question 47

Multiple Choice

Which of the following is defined as the practice of "pocketing" money from customers and hiding the theft by not recording the sale?

• A) Embezzlement
• B) Larceny
• C) Skimming
• D) Phony disbursement

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Definitions:

Services

Intangible products such as healthcare, education, and entertainment that are provided to consumers.

Intermediate Goods

Products used as inputs in the production of final goods or services, not sold directly to consumers.

Migration

The movement of people from one place to another, often with the intent of settling temporarily or permanently in the new location.

Developing Countries

Refers to nations with lower living standards, undeveloped industrial bases, and low Human Development Index (HDI) relative to other countries.