Which of the Following Examples Is NOT a Billing Scheme

question 21

Multiple Choice

Which of the following examples is NOT a billing scheme?

• A) Mary purchases a new laptop for her brother-in-law with company's funds.
• B) Mark submits a receipt of his cab fare for reimbursement, which includes an extra $10.
• C) Joven double pays a vendor for the purchase of inventory and then pockets the second payment when it is returned.
• D) Harry submits invoices in the name of the dummy company and collects the amount.

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Definitions:

Marginal Rate of Substitution

The rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility.

Good X

A symbolic term often used in economics to represent any generic commodity or product under consideration for analysis.

Units

Measurements or quantities ascertained by established standards used for trading, scientific experiments, and other purposes.

Utility Function

Refers to the model used by economists to estimate the level of utility or satisfaction a consumer derives from the consumption of goods and services, highlighting consumer preferences.