Employee fraud involves three steps. Of the following, which is not involved?

a. concealing the crime to avoid detection
b. stealing something of value
c. misstating financial statements
d. converting the asset to a usable form


C

Business

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What theory holds that the root cause for conflict is lack of contact between groups, or contact under unfavorable conditions, and also holds that contact under optimal conditions (e.g., equal status between groups; common goals; intergroup coalition; and support of authorities, law, and custom) could reduce prejudice and intergroup conflict.

a. equity theory *b. intergroup contact theory c. social identity theory d. relative deprivation theory

Business

Mustafa Enterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that ABC system are listed below:Activity Cost PoolActivity MeasureActivity RateSupporting assemblyDirect labor-hours (DLHs)$7.50per DLHProcessing batchesNumber of batches$111.65per batchProcessing ordersNumber of orders$86.00per orderServing customersNumber of customers$2,737.00per customerThe cost of serving customers, $2,737.00 per customer, is the cost of serving a customer for one year. Dahle Corporation buys only one of the company's products. The details of last year's purchases of this product are listed below:  Number of units purchased 800unitsNumber of

batches 16batchesNumber of orders 4orderDirect labor-hour requirement 0.40DLHs per unitSelling price$24.25per unitDirect materials cost$7.45per unitDirect labor cost$7.85per unitAccording to the ABC system, the total cost of the activity "Supporting assembly" for this customer this past year was closest to: A. $6,000.00 B. $3.00 C. $2,400.00 D. $320.00

Business

What term is used to describe the outsourcing of logistics?

A) e-logistics B) shipper-managed inventory (SMI) C) hollow logistics D) sub-logistics E) third-party logistics (3PL)

Business

Josh purchased a new bike rack. He told his friend Lou that he could have the old rack. Josh never gave Lou the rack despite repeated requests. Lou can successfully sue Josh for breach of a valid inter vivos gift

Indicate whether the statement is true or false

Business