Transactions Happening at Odd Times or Places; Being Performed by People

question 13

Multiple Choice

Transactions happening at odd times or places; being performed by people who would not normally participate; or including odd procedures are typically associated with which type of fraud symptom?

• A) Accounting anomaly
• B) Internal control weakness
• C) Analytical anomaly
• D) Unusual behavior

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Definitions:

Total Cost

The sum of fixed costs and variable costs incurred by a firm in the production of a good or service.

Break-even Price

The price level at which total revenues are equal to total costs, resulting in neither profit nor loss.

Economic Losses

The decrease in economic value arising from factors such as poor decisions, market shifts, or external disruptions affecting profitability.

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance.