Explain the pay-and-return scheme
A pay-and-return scheme involves a clerk with check-writing authority who pays a vendor twice for the same products (inventory or supplies) received. The vendor, recognizing that its customer made a double payment, issues a reimbursement to the victim company. The clerk intercepts and cashes the reimbursement check.
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For which of the following special purpose financial statements is a dual opinion on a special purpose framework and GAAP required?
a. Cash basis. b. Tax basis. c. Regulatory basis for general use. d. Contractual basis.
With auction companies, demand and supply interact to determine the price.
Answer the following statement true (T) or false (F)
The salesperson contacts the customer for the first time in the ________ step of the creative selling process
A) preapproach B) prospect C) approach D) presentation E) qualify
Which of the following is considered a substantive change proposed to improve the NLRA?
A. Increasing penalties for violating the NLRA B. Changing the election process to a card check process C. Reducing delays in NLRA decisions by clamping down on legal challenges D. Repealing or abolishing the NLRA