Which Fraud Is Committed by an Employee Who Doesn't Record

question 27

Multiple Choice

Which fraud is committed by an employee who doesn't record customer sales and pockets the payment?

• A) Larceny
• B) Disbursement
• C) Skimming
• D) Illegal gratuities

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Definitions:

Demand Curve

a graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.

Cost Functions

Mathematical relationships expressing the cost of production as a function of the quantity of output produced.

Profit-maximizing

A strategy or point where a firm reaches the highest possible profit by balancing its costs and revenues.

Perfect Competition

A market structure characterized by many buyers and sellers, homogenous products, and free entry and exit from the market.