The Most Common Occupational Frauds in Small Businesses Involve Employees

question 38

Multiple Choice

The most common occupational frauds in small businesses involve employees doing all of the following EXCEPT:

• A)skimming revenues.
• B)fraudulently writing company checks.
• C)processing fraudulent invoices.
• D)altering financial statement.

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Definitions:

Probability Distribution

A math function tasked with computing the odds of different potential outcomes during an experiment.

Multiple Regression Model

A statistical technique that uses several explanatory variables to predict the outcome of a response variable.

Degrees of Freedom

Degrees of freedom refer to the number of independent values or quantities which can be assigned to a statistical distribution or to a system without violating any constraint.

Sum of Squares

A statistical measure of the dispersion of observation values given by the sum of the squared differences from the mean.