According to the ACFE study described in the text, which fraudulent disbursement scheme occurs most frequently?
a. Billing scheme
b. Wire transfers
c. Payroll scheme
d. Register disbursements
a
FEEDBACK: a. Correct. This accounts for roughly 28% of total disbursement fraud cases.
b. Incorrect. This accounts for roughly 6.5% of total disbursement fraud cases.
c. Incorrect. This accounts for roughly 13% of total disbursement fraud cases.
d. Incorrect. This accounts for roughly 1.7% of total disbursement fraud cases.
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Answer the following statements true (T) or false (F)
1. The type of training to offer employees can often be difficult to determine. 2. The usual determinant of whether to use in-house or external training is cost. 3. Training tends to look backward to identify and correct past deficiencies; development tends to look forward to get employees ready for the future. 4. Educational reimbursement programs should usually be limited to courses directly related to on-the-job performance in the present.
Which of the following is optional for the introduction of a speech?
A. establishment of the speaker’s credentials B. a purpose statement C. motivation for the audience to listen D. a preview of main points
Reston Inc. has expected sales of $17,000,000. While 10 percent of its customers pay cash, the remaining 90 percent pay on credit with 40 percent paying on Day 10, 30 percent paying on Day 20, 15 percent paying on Day 25, and 15 percent paying on Day 30. Which of the following is Reston's days sales outstanding (DSO)??
A. ?17.65 days B. ?18.25 days C. ?12.46 days D. ?10.12 days E. ?14.33 days
Since stock is intangible personal property, the ownership right to stock exists independently of a stock certificate
Indicate whether the statement is true or false