Research has shown that ______ detect most frauds
a. Auditors
b. Customers
c. Vendors
d. Employees
d
FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large.
b. Incorrect. Customers can also detect fraud, but they are not the most effective resource.
c. Incorrect. Vendors can also detect fraud, but they are not the most effective resource.
d. Correct. Employees, managers, co-workers, and supervisors are in the best position to detect fraud. They are also the most effective fraud detectors.
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The type of goods for which a responsive supply chain is appropriate are:
A) fashion goods. B) products with a long shelf life. C) expensive products. D) those with infrequent design changes.
The ________ is an unwritten agreement between the individual and the organization that specifies what each expects to give to and receive from the other.
A. exchange contract B. relationship covenant C. psychological equation D. psychological contract
Which of the following describes a covered call?
A. A long call option on a stock plus a long position in the stock B. A long call option on a stock plus a short put option on the stock C. A short call option on a stock plus a short position in the stock D. A short call option on a stock plus a long position in the stock
If a stock is near it's 52 week low, that means the stock
A) is trading at its lowest volume for past year. B) has a stock price that is near the lowest for the past year. C) is reflecting very low sales for the company that issued the stock. D) is a high risk investment.