Bid-rigging scheme occurs when:

• A.an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.
• B.an employee does not assist a vendor in winning a contract through the competitive bidding process.
• C.an employee once assists a vendor in winning a contract through a single competitive bidding process.
• D.an employee once assists a vendor in winning a contract through a single competitive bidding process.

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____________ is a summary of the account balances carried in a ledger.

• A.Financial statement
• B.General journal
• C.Income statement
• D.Balance sheet

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________ decrease assets and expenses and/or increase liabilities and/or equity

• A.Journal Entries
• B.Debit
• C.Credit
• D.None of all

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A scheme is classified as a Conflict of interest:

• A.when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.
• B.when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.
• C.when a dealer must have some kind of dealership interest in the vendor submitting the stock.
• D.when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.

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________ decrease assets and expenses and/or increase liabilities and/or equity

• A.Credit
• B.Debit
• C.Journal Entries
• D.None of all

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