Your Employer Operates in an Industry in Which Company Sales

question 15

Multiple Choice

Your employer operates in an industry in which company sales are expected to increase by 5% next year.Your employer,however,has issued earnings guidance in which it declared that it expects its sales to increase by 13% next year.As a result,which of the following elements of the Fraud Triangle are present?

• A) Rationalization
• B) Pressure to engage in channel stuffing
• C) Opportunity to exceed expectations
• D) Opportunity to garner above-market stock performance gains

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Definitions:

Alteration

Alteration involves making a change or modification to something, often to improve it or adjust it to different requirements.

Payee's Name

Refers to the individual or entity named in a financial document as the recipient of the funds or payment.

Personal Defense

Personal defense pertains to the measures and strategies an individual employs to protect themselves against threats or harm, often encompassing self-defense techniques and the use of personal defense weapons.

Holder in Due Course

A legal term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original parties to the instrument.