A Fraud Perpetrator Uses the Float Time Between Banks to Give

question 17

Multiple Choice

A fraud perpetrator uses the float time between banks to give the impression that he had money in his accounts.Which crime is he committing?

• A)Floating
• B)Strip
• C)Spinning
• D)Kiting

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Definitions:

Adaptive Organizations

Entities that have the ability to adapt and transform in reaction to shifts in market environments, obstacles, and prospects.

Tall Structures

An organizational structure characterized by many levels of hierarchy, with a large number of management levels between the top executives and the lower-level employees.

Authority-And-Responsibility Principle

The principle that authority should equal responsibility when work is delegated.

Supervisor

An individual in a position of authority who oversees and directs the work of others to ensure tasks and objectives are completed effectively.