Lapping Is

question 2

Multiple Choice

Lapping is:

• A)embezzling one customer's payment and then crediting that customer's account when a subsequent customer pays.
• B)stealing cash from an organization before it is recorded on the organization's books and records.
• C)helping a vendor illegally obtain a contract that should have involved competitive bidding.
• D)demanding a payment from a vendor in order to make a decision in that vendor's favor.

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Definitions:

Indirect Materials

Supplies or materials used in the production process but not directly incorporated into the final product, such as lubricants, cleaning supplies, and office materials.

MRO

Maintenance, Repair, and Overhaul, referring to the sustaining activities to keep aircraft, vehicles, systems, and equipment operational and in good condition.

Domain Tasting

Domain tasting involves registering a domain to test its profitability and traffic before making a long-term commitment.

Cybersquatting

The practice of registering names, especially well-known company or brand names, as Internet domains, in the hope of reselling them at a profit.