According to the 2012 Global Fraud Study of the ACFE

question 38

Multiple Choice

According to the 2012 Global Fraud Study of the ACFE, which fraud scheme posed the greatest risks to organizations throughout the world:

• A) Corruption and billing schemes
• B) Improper use of social media
• C) Illegal facilitating payments
• D) Economic extortion

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Definitions:

Financial Aid

Monetary assistance provided to individuals to support them in covering the costs of education, housing, or other expenses.

Normative Statement

Statements that express opinions about what ought to be, reflecting values or judgements rather than factual assertions.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and families of deceased workers.

Economic Policy

Strategies and actions taken by the government or regulatory bodies to influence the economy's behavior and outcomes.