Question 1

What is the strongest factor in deterring future fraud activity?

Accepted Answer

A)  Legal prosecution.
B)  Sanctions.
C)  Termination.
D)  Counseling.E) All of the above
F) B) and C)

Question 2

A fraud perpetrator uses the float time between banks to give the impression that he had money in his accounts.Which crime is he committing?

Accepted Answer

A)  Floating
B)  Strip
C)  Spinning
D)  KitingE) A) and C)
F) A) and D)

Question 3

An effective accounting system is designed to provide which of the following to help discover fraud?

Accepted Answer

A)  An audit trail
B)  Matching of expenses to revenues
C)  Set of controls
D)  Set of accounting proceduresE) None of the above
F) A) and C)

Question 4

According to Max Weber,______ is the probability that a person can carry out his or her own will despite resistance.

Accepted Answer

A)  power
B)  persuasion
C)  prejudice
D)  potencyE) B) and D)
F) All of the above

Question 5

Segregation of duties,as a control procedure,is most often used

Accepted Answer

A)  when the task involved is quite simple.
B)  when it is impossible for one person to complete a task.
C)  when appraisals are conducted.
D)  when cash is involved.E) A) and B)
F) B) and D)

Question 6

Which racial group is most likely to commit fraud?

Accepted Answer

A)  Caucasian
B)  African American
C)  Asian
D)  Hispanic
E)  People of every race commit fraudF) A) and E)
G) A) and B)

Question 7

Which of the following factors creates an opportunity for fraud?

Accepted Answer

A)  Greed
B)  Living beyond one's means
C)  Lack of an audit trail
D)  The organization owes it to meE) C) and D)
F) None of the above

Question 8

Many individuals,when persuaded by a trusted friend to participate in fraud,will rationalize the actions as being justifiable.Which type of power is being employed in such situations?

Accepted Answer

A)  Referent power
B)  Legitimate power
C)  Coercive power
D)  Reward powerE) C) and D)
F) None of the above

Exam 2: Why People Commit Fraud

Segregation of duties,as a control procedure,is most often used

Correct Answer
verified

Many individuals,when persuaded by a trusted friend to participate in fraud,will rationalize the actions as being justifiable.Which type of power is being employed in such situations?

Correct Answer
verified

An effective accounting system is designed to provide which of the following to help discover fraud?

Correct Answer
verified

What is the strongest factor in deterring future fraud activity?

Correct Answer
verified

Which racial group is most likely to commit fraud?

Correct Answer
verified

A fraud perpetrator uses the float time between banks to give the impression that he had money in his accounts.Which crime is he committing?

Correct Answer
verified

According to Max Weber,______ is the probability that a person can carry out his or her own will despite resistance.

Correct Answer
verified

Which of the following factors creates an opportunity for fraud?

Correct Answer
verified

Exam 2: Why People Commit Fraud

Segregation of duties,as a control procedure,is most often used

Correct AnswerverifiedShow Answer

Many individuals,when persuaded by a trusted friend to participate in fraud,will rationalize the actions as being justifiable.Which type of power is being employed in such situations?

Correct AnswerverifiedShow Answer

An effective accounting system is designed to provide which of the following to help discover fraud?

Correct AnswerverifiedShow Answer

What is the strongest factor in deterring future fraud activity?

Correct AnswerverifiedShow Answer

Which racial group is most likely to commit fraud?

Correct AnswerverifiedShow Answer

A fraud perpetrator uses the float time between banks to give the impression that he had money in his accounts.Which crime is he committing?

Correct AnswerverifiedShow Answer

According to Max Weber,______ is the probability that a person can carry out his or her own will despite resistance.

Correct AnswerverifiedShow Answer

Which of the following factors creates an opportunity for fraud?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified