Which of the following groups listed is most likely to perpetrate frauds against the organization?
a. customers
b. vendors
c. competitors
d. employees
d
FEEDBACK: a. Incorrect. Although customers may commit fraud against the organization, employee fraud is much more common.
b. Incorrect. Although vendors may commit fraud against the organization, employee fraud is much more common.
c. Incorrect.
d. Correct. Employees are most likely to commit fraud against the organization.
You might also like to view...
Impulse buying is associated with
A. complex decision making. B. extended problem solving. C. composite segmentation. D. habitual decision making. E. limited problem solving.
The use of debt with high interest charges may cause the net profit margin to be low
Indicate whether the statement is true or false
Which of the following documents is mailed to the vendor (seller) of goods?
A) Receiving report B) Invoice C) Purchase order D) Purchase requisition
Ready Corporation's accounts receivable balance after posting net collections from customers for 2012 is $190,000. Management feels that uncollected accounts should be based on the following aging of accounts receivable and uncollected percentages. There are $120,000 that are 1 to 30 days past due at 3% and $70,000 that are 31 to 60 days past due at 8%. The net realizable value of the accounts
receivable is: A) $184,400 B) $186,400 C) $190,000 D) $180,800