The fraudsters' interest lies with an employer other than a company.

• A.False
• B.True

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A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.

• A.Financial disclosure
• B.Unauthorized purchase
• C.Illegal sale
• D.Conflict of interest

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A variation between the physical inventory and the perpetual inventory totals is called:

• A.Altered inventory
• B.Write-offs
• C.Account receivable
• D.Shrinkage

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The essential elements of a ________ are an actual or constructive taking away of the goods or property of another with the without the consent and against the will of the owner and with a felonious intent.

• A.None of the above
• B.Larceny
• C.Fiduciary
• D.Abuse

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Which of the following is the MOST ACCURATE statement about the phases of procurements involving open and free competition among contractors?

• A.In the bid evaluation and award phase, the procuring entity issues the solicitation document.
• B.In the solicitation phase, the procuring entity identifies its needs and develops the criteria used to award the contract.
• C.In the presolicitation phase, prospective contractors prepare and submit their bids.
• D.In the post-award and administration phase, the parties that were contracted perform their contractual obligations.

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