For ghost-employee fraud schemes to work, four things must happen. Which of the following is NOT one among them?
a. The ghost must be added to the payroll.
b. Timekeeping and wage rate information must be collected.
c. A paycheck must be issued to the ghost.
d. A member of Human Resources must be involved in the fraud.
d
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Incorrect.
d. Correct.
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A business using price lining is doing which of the following?
A) trying to avoid the use of psychological pricing, which may be negatively received by customers B) trying to recoup its research and development costs for a new product C) attempting to attain a large market share before any competitors can enter the marketplace D) selling items in a product line at different prices E) engaging in potentially unethical pricing
What are the advantages and disadvantages of corporate blogs?
What will be an ideal response?
The drawing account is closed to the income summary account
Indicate whether the statement is true or false