It Is Important to Be Able to Recognize the Symptoms

question 52

Multiple Choice

It is important to be able to recognize the symptoms of employee fraud.In practice, which of the following might be the best clue that fraud might be occurring?

• A)Accounting irregularities
• B)Internal control procedures that managers feel are inadequate
• C)Anomalies that, together, seem unreasonable
• D)Trial balances that almost always contain errors

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Definitions:

Labour Costs

The total expenditure borne by employers for employing staff, including wages, benefits, and taxes.

Job Expansion

The process of making a job more varied by adding additional tasks or responsibilities to increase job satisfaction.

Pay Rates

Pay Rates are the amounts of money that individuals are compensated for their labor or services, usually expressed per hour, piece, or project.

Methods Time Measurement (MTM)

A predetermined motion time system that analyzes the motions involved in performing a task and sets standard times for tasks, facilitating efficient work processes and time management.