The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:

• A.Overbilling
• B.Conflict of interest
• C.Bribery
• D.Corruption

Comment: *

Name: *

Email: *

Verification: *

The most basic skimming scheme occurs when:

• A.An employee sells goods or services to a customer, collects the customer's payment, but makes no record of the sale.
• B.An employee buy goods or services from a customer, drop the customer's payment, but makes no record of the purchase.
• C.An employee sells goods or services to a stakeholder, collects the stakeholder's payment and makes record of the sale too.
• D.An employee buy goods or services from a stakeholder, drop the stakeholder's payment and makes record of the purchase too.

Comment: *

Name: *

Email: *

Verification: *

Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

• A.Proper documentation, segregation of duties, independent checks and physical safeguards
• B.Proper documentation, segregation of duties, independent checks and inventory control
• C.Proper documentation, physical padding, independent checks and physical safeguards
• D.prenumbered affiliations, segregation of duties, independent checks and physical safeguards

Comment: *

Name: *

Email: *

Verification: *

Larceny by Fraud or deception means that:

• A.Fails to correct a false impression
• B.All of the above
• C.Creates or reinforce a false impression
• D.Fails to disclose a known lien, adverse claim or other legal impediment

Comment: *

Name: *

Email: *

Verification: *

According to Hollinger and Clark for Policy development, management must pay attention to:

• A.Neither A nor B
• B.A clear understanding regarding theft behavior
• C.Enforcement of sanctions
• D.Both A & B

Comment: *

Name: *

Email: *

Verification: *