Which of the Following Frauds Refers to Improper Claims Made

question 80

Multiple Choice

Which of the following frauds refers to improper claims made for the reimbursement of business expenses?

• A) False expense reimbursement fraud
• B) Misleading expense reimbursement fraud
• C) Fictitious expenses claim fraud
• D) False claims fraud

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Definitions:

Tenders

Formal offers to carry out work, supply goods, or buy land, goods, or services at a specified price.

Security Interest

A legal claim or lien on collateral, which gives the holder the right to seize property if the debtor fails to meet the obligations of a loan or agreement.

Line of Credit

An arrangement between a financial institution and a client that establishes a maximum loan balance that the borrower can access.

Inventory

The total amount of goods and materials held by a business for the purpose of sale or production.