In a short essay, list the six sets of industry factors that affect the industry based antecedents of fraud.
What will be an ideal response?
a. Culture, norms, and histories of the industry
b. Industry investment horizons, payback periods, and financial returns
c. Level of industry concentration
d. Level of environmental hostility
e. Level of environmental dynamism
f. Level of environmental heterogeneity
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If in the current year a purchase was not recorded but the purchased item was included in ending physical inventory, which one of the following situations occurs for the current year?
A) Working capital is understated, and net income is overstated. B) Working capital and net income are understated. C) Working capital is overstated, and net income is understated. D) Working capital and net income are overstated.
A firm's capacity can be limited by members of its supply chain
Indicate whether the statement is true or false.
A short forward contract on an asset plus a long position in a European call option on the asset with a strike price equal to the forward price is equivalent to
A. A short position in a call option B. A short position in a put option C. A long position in a put option D. None of the above
Shrinkage is the difference between inventory that has been sold and inventory that was purchased by the business.
Answer the following statement true (T) or false (F)