Test Bank: Forensic and Investigative Accounting, 9th Edition
by D Larry Crumbley - Chapters 1-0, 9780808053224 |
Rationals Included
Why does fraud seem to be increasing at such an
alarming rate?
a. Computers, the Internet, and technology make
fraud easier to commit.
b. Most frauds today are detected, whereas in the
past many were not.
c. A new law requires that fraud be reported
within 24 hours.
d. People understand the consequences of fraud to
organizations. - ANSWER: a. Computers, the Internet, and technology make
fraud easier to commit.
Which of the following is not an important element
of fraud?
a. Confidence.
b. Deception.
c. Trickery.
d. Intelligence. - ANSWER: d. Intelligence.
Fraud is considered to be:
a. A serious problem that continues to grow.
b. A problem that affects very few individuals.
c. A mild problem that most businesses need not
worry about.
d. A problem under control. - ANSWER: a. A serious problem that continues to grow.
People who commit fraud are usually:
a. New employees.
b. Not well groomed and have long hair and
tattoos.
c. People with strong personalities.
d. Trusted individuals. - ANSWER: d. Trusted individuals.
5. "The use of one's occupation for personal
enrichment through the deliberate misuse or misapplication of the employing organization's
resources or assets" is the definition of which of
the following types of fraud?
a. Employee embezzlement or occupational fraud.
b. Investment scams.
c. Management fraud.
d. Vendor fraud. - ANSWER: a. Employee embezzlement or occupational fraud.
Corporate employee fraud fighters:
a. Work as postal inspectors and law enforcement
officials.
b. Prevent, detect, and investigate fraud within a
company.
c. Are lawyers that defend and/or prosecute
fraud cases.
, d. None of the above. - ANSWER: b. Prevent, detect, and investigate fraud within a
company.
Investment scams most often include:
a. An action by top management against
employees.
b. Worthless investments or assets sold to unsuspecting
investors.
c. An overcharge for purchased goods.
d. Nonpayment of invoices for goods purchased
by customers. - ANSWER: b. Worthless investments or assets sold to unsuspecting
investors.
Which of the following is not true of civil fraud?
a. It usually begins when one party files a
complaint.
b. The purpose is to compensate for harm done
to another.
c. It must be heard by 12 jurors.
d. Only "the preponderance of the evidence" is
needed for the plaintiff to be successful. - ANSWER: c. It must be heard by 12 jurors.
Future careers in fraud will most likely be:
a. In low demand.
b. In moderate demand.
c. Low paying.
d. In high demand and financially rewarding. - ANSWER: d. In high demand and financially rewarding.
Studying fraud will help you:
a. Learn evidence-gathering skills.
b. Avoid high-risk and fraudulent activities.
c. Learn valuable interviewing skills.
d. All of the above. - ANSWER: d. All of the above.
Which of the following is not a reliable resource
for fraud statistics?
a. FBI agencies.
b. Health agencies.
c. Insurance organizations.
d. Fraud perpetrators. - ANSWER: d. Fraud perpetrators.
Which of the following statements is true?
a. Bank robberies are more costly than frauds.
b. Fraud is often labeled the fastest growing crime.
c. FBI agencies are currently spending approximately
35 percent of their time on fraudulent
activities.
d. None of the above statements are true. - ANSWER: b. Fraud is often labeled the fastest growing
crime.
Which of the following is not an element of fraud?
a. False representation.
b. Accidental behavior.
c. Damage to a victim.
d. Intentional or reckless behavior - ANSWER: b. Accidental behavior.
What is the best way to minimize fraud within an
by D Larry Crumbley - Chapters 1-0, 9780808053224 |
Rationals Included
Why does fraud seem to be increasing at such an
alarming rate?
a. Computers, the Internet, and technology make
fraud easier to commit.
b. Most frauds today are detected, whereas in the
past many were not.
c. A new law requires that fraud be reported
within 24 hours.
d. People understand the consequences of fraud to
organizations. - ANSWER: a. Computers, the Internet, and technology make
fraud easier to commit.
Which of the following is not an important element
of fraud?
a. Confidence.
b. Deception.
c. Trickery.
d. Intelligence. - ANSWER: d. Intelligence.
Fraud is considered to be:
a. A serious problem that continues to grow.
b. A problem that affects very few individuals.
c. A mild problem that most businesses need not
worry about.
d. A problem under control. - ANSWER: a. A serious problem that continues to grow.
People who commit fraud are usually:
a. New employees.
b. Not well groomed and have long hair and
tattoos.
c. People with strong personalities.
d. Trusted individuals. - ANSWER: d. Trusted individuals.
5. "The use of one's occupation for personal
enrichment through the deliberate misuse or misapplication of the employing organization's
resources or assets" is the definition of which of
the following types of fraud?
a. Employee embezzlement or occupational fraud.
b. Investment scams.
c. Management fraud.
d. Vendor fraud. - ANSWER: a. Employee embezzlement or occupational fraud.
Corporate employee fraud fighters:
a. Work as postal inspectors and law enforcement
officials.
b. Prevent, detect, and investigate fraud within a
company.
c. Are lawyers that defend and/or prosecute
fraud cases.
, d. None of the above. - ANSWER: b. Prevent, detect, and investigate fraud within a
company.
Investment scams most often include:
a. An action by top management against
employees.
b. Worthless investments or assets sold to unsuspecting
investors.
c. An overcharge for purchased goods.
d. Nonpayment of invoices for goods purchased
by customers. - ANSWER: b. Worthless investments or assets sold to unsuspecting
investors.
Which of the following is not true of civil fraud?
a. It usually begins when one party files a
complaint.
b. The purpose is to compensate for harm done
to another.
c. It must be heard by 12 jurors.
d. Only "the preponderance of the evidence" is
needed for the plaintiff to be successful. - ANSWER: c. It must be heard by 12 jurors.
Future careers in fraud will most likely be:
a. In low demand.
b. In moderate demand.
c. Low paying.
d. In high demand and financially rewarding. - ANSWER: d. In high demand and financially rewarding.
Studying fraud will help you:
a. Learn evidence-gathering skills.
b. Avoid high-risk and fraudulent activities.
c. Learn valuable interviewing skills.
d. All of the above. - ANSWER: d. All of the above.
Which of the following is not a reliable resource
for fraud statistics?
a. FBI agencies.
b. Health agencies.
c. Insurance organizations.
d. Fraud perpetrators. - ANSWER: d. Fraud perpetrators.
Which of the following statements is true?
a. Bank robberies are more costly than frauds.
b. Fraud is often labeled the fastest growing crime.
c. FBI agencies are currently spending approximately
35 percent of their time on fraudulent
activities.
d. None of the above statements are true. - ANSWER: b. Fraud is often labeled the fastest growing
crime.
Which of the following is not an element of fraud?
a. False representation.
b. Accidental behavior.
c. Damage to a victim.
d. Intentional or reckless behavior - ANSWER: b. Accidental behavior.
What is the best way to minimize fraud within an
