Understanding Fraud: Types, Causes, and Prevention

Understanding Fraud: Types, Causes, and Prevention

Assessment

Interactive Video

Business, Social Studies

University

Hard

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the core idea of fraud as discussed in the introduction?

A misunderstanding between employees

A breach of trust by an employee

An external attack on the company

A simple theft of cash

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a scheme where an employee pockets cash before it is recorded?

Lapping

Skimming

Check tampering

Expense claim fraud

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common method of concealing cash theft in the lapping scheme?

Adjusting the receivable sub ledger

Padding expense claims

Creating fake invoices

Using company stationery

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant ethical issue for multinational companies in third-world countries?

Bribery as a normal business practice

High taxes

Strict environmental regulations

Lack of skilled labor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does extortion differ from bribery?

It is less common in developed countries

It involves threats to vendors or customers

It is a legal business practice

It involves voluntary payments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most complex type of fraud discussed?

Asset misappropriation

Corruption

Financial reporting fraud

Expense claim fraud

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What fraudulent practice involves shipping products to inflate sales figures?

Check tampering

Skimming

Lapping

Channel stuffing