Which of the following people is most likely to have opportunities to commit fraud?
a. Rob is a convicted bank robber who has been out of jail for 7 years and is working for a small firm whose manager knows about Rob's criminal background.
b. Jane is a recent high school graduate who loves shopping. She is on the look out for a job.
c. Steve was just hired by his company but he is always acting suspicious
d. 62 year old Dave has loyally worked up his company's corporate ladder for the past 24 years
d
FEEDBACK: a. Incorrect. As a convicted felon, Rob's opportunity to commit fraud will be limited--especially if his employer is aware that he is a convicted felon.
b. Incorrect. Fraud perpetrators have usually worked for the company for several years.
c. Incorrect. More controls will be in place for Steve because he is not trusted.
d. Correct. Dave will be given the most opportunities.
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Arnold Wood's company buys machine tools from large producers and sells them to several Midwestern manufacturing companies. The company Arnold works for carries inventories of the tools, which reduces capital requirements for the producers. Arnold's company is an example of a(n) ____ in a distribution channel.
A. direct distributor B. manufacturers' agent C. industrial distributor D. producers' agent E. wholesalers' agent
Which of the following is true of lump-sum awards?
A. They are typically given in lieu of merit increases. B. They are given to employees every year. C. They are given to employees who are added to an employee's base wages. D. They are noncash payments such as certificates and trophies.
What is a corporate inversion and why was this provision enacted?
What will be an ideal response?