Which of the following factors creates an opportunity for fraud?
a. Greed
b. Living beyond one's means
c. Lack of an audit trail
d. The organization owes it to me
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct. Opportunity is the second factor of the fraud triangle. It consists of several items including the lack of an audit trail.
d. Incorrect.
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The term ________ is used in the text to describe the competitive, win-lose situations such as haggling over price that happens at yard sale, flea market, or used car lot.
Fill in the blank(s) with the appropriate word(s).
Taylor was disciplined for sending a personal email using a company computer. When he reviewed the employee handbook, he could find no mention of this being an infraction. When he brought this up with his manager, he was told that he “should have known better.” The discipline of Taylor appears to violate the __________ rule for effective discipline.
A. clearly communicate the standards and code of conduct to all employees B. be sure that the punishment fits the crime C. document discipline D. discipline in private E. monitoring
In a Torrens system the owner of property has a certificate of title showing the ownership
Indicate whether the statement is true or false
In NAACP v. North Hudson Regional Fire & Rescue, the NAACP sued the North Hudson fire department for disparate impact discrimination because the fire department required that potential firefighters live in North Hudson. In North Hudson, only 3% of the population was African-American, while in the Tri-county area, 37.4% of protective services workers were African-American. North Hudson claimed
that residency was a business necessity. The court ruled: a. for the NAACP, because there were less discriminatory means of achieving the fire department's goals b. for the NAACP, because the fire department intentionally discriminated based on race c. for the North Hudson Fire Department, because it was reasonable to require firefighters to live in the city so that they were familiar with streets and buildings d. for the North Hudson Fire Department, because the NAACP had not proved a prima facie case of discrimination