Give two examples of employee fraud and explain how the theft might occur
Charges to expense accounts: Cash could be stolen and charged to a miscellaneous expense account. Once the account is closed, detection would be more difficult.
Lapping: This involves converting cash receipts to personal use. If a customer's check is taken, his/her balance will not reflect a payment and will be detected when a statement is sent. In order to conceal this fraud, a later payment is used to cover the stolen check. This is in effect a small scale Ponzi scheme.
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In the Coors case study, why was a genetic algorithm paired with neural networks in the prediction of beer flavors?
A) to replace the neural network in harder cases B) to complement the neural network by reducing the error term C) to enhance the neural network by pre-selecting output classes for the neural network D) to best model how the flavor of beer evolves as it ages
The cumulative percentage polygon is a line graph that plots the cumulative relative frequency distribution
Indicate whether the statement is true or false
The World Trade Organization is a permanent forum for negotiating, implementing, and monitoring international trade procedures
Indicate whether the statement is true or false.
Explain the concept of a focused factory. Include different ways a factory can be focused