2
LSU ACCT 4235 - Fraud - Exam 1 (Ch 1-7)
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with answers ||
Why does fraud seem to be increasing at such an alarming rate?
|| || || || || || || || || || ||
a. Computers, the internet, & technology make fraud easier to commit
|| || || || || || || || || ||
b. most frauds today are detected, whereas in the past many were not
|| || || || || || || || || || || ||
c. a new law requires that fraud be reported within 24 hours
|| || || || || || || || || || ||
d. people understand the consequences of fraud to organizaitons - ✔✔A
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What of the following is NOT an important element of fraud?
|| || || || || || || || || ||
a. confidence
||
b. deception
||
c. trickery
||
d. intelligence - ✔✔D
|| || ||
Fraud is considered to be:
|| || || ||
a. a serious problem that continues to grow
|| || || || || || ||
b. a problem that affects very few individuals
|| || || || || || ||
c. a mild problem that most businesses need not worry about
|| || || || || || || || || ||
d. a problem under control - ✔✔A
|| || || || || ||
,2
People who commit fraud are usually:
|| || || || ||
a. new employees
|| ||
b. not well groomed and have long hair and tattoos
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c. people with strong personalities
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d. trusted individuals - ✔✔D
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"The use of one's occupation for personal enrichment through the deliberate
|| || || || || || || || || || ||
misuse or misapplication of the employing organization's resources or assets" is
|| || || || || || || || || || ||
the definition of which of the following types of fraud?
|| || || || || || || || || ||
a. employee embezzlement or occupational fraud
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b. investment scams
|| ||
c. management fraud
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d. vendor fraud - ✔✔A
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Corporate employee fraud-fighters: || ||
a. work as postal inspectors and law enforcement officialsB
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b. prevent, detect, & investigate fraud within a company
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c. are lawyers who defend and/or prosecute fraud cases
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d. none of the abovw - ✔✔B
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Investment scams most often include: || || || ||
a. an action by top management against employees
|| || || || || || ||
b. worthless investments or assets sold to unsuspecting investors
|| || || || || || || ||
c. an overcharge for purchased goods
|| || || || ||
, 2
d. nonpayment of invoices for goods purchased by customers - ✔✔B
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Which of the following is NOT true of civil litigation?
|| || || || || || || || ||
a. it usually begins when one party files a complaint
|| || || || || || || || ||
b. the purpose is to compensate for harm done to another
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c. it must be heard by 12 jurors
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d. only "the preponderance of the evidence" is needed for the plaintiff to be
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successful - ✔✔C || ||
Future careers in fraud will most likely be:
|| || || || || || ||
a. in low demand
|| || ||
b. in moderate demand
|| || ||
c. low paying
|| ||
d. in high demand and financially rewarding - ✔✔D
|| || || || || || || ||
Studying fraud will help you: || || || ||
a. learn evidence-gathering skills
|| || ||
b. avoid high-risk & fraudulent activities
|| || || || ||
c. learn valuable interviewing skills
|| || || ||
d. all of the above - ✔✔D
|| || || || || ||
Which of the following is the LEAST reliable resource for fraud statistics?
|| || || || || || || || || || ||
a. FBI agencies
|| ||
LSU ACCT 4235 - Fraud - Exam 1 (Ch 1-7)
|| || || || || || || || || ||
with answers ||
Why does fraud seem to be increasing at such an alarming rate?
|| || || || || || || || || || ||
a. Computers, the internet, & technology make fraud easier to commit
|| || || || || || || || || ||
b. most frauds today are detected, whereas in the past many were not
|| || || || || || || || || || || ||
c. a new law requires that fraud be reported within 24 hours
|| || || || || || || || || || ||
d. people understand the consequences of fraud to organizaitons - ✔✔A
|| || || || || || || || || ||
What of the following is NOT an important element of fraud?
|| || || || || || || || || ||
a. confidence
||
b. deception
||
c. trickery
||
d. intelligence - ✔✔D
|| || ||
Fraud is considered to be:
|| || || ||
a. a serious problem that continues to grow
|| || || || || || ||
b. a problem that affects very few individuals
|| || || || || || ||
c. a mild problem that most businesses need not worry about
|| || || || || || || || || ||
d. a problem under control - ✔✔A
|| || || || || ||
,2
People who commit fraud are usually:
|| || || || ||
a. new employees
|| ||
b. not well groomed and have long hair and tattoos
|| || || || || || || || ||
c. people with strong personalities
|| || || ||
d. trusted individuals - ✔✔D
|| || || ||
"The use of one's occupation for personal enrichment through the deliberate
|| || || || || || || || || || ||
misuse or misapplication of the employing organization's resources or assets" is
|| || || || || || || || || || ||
the definition of which of the following types of fraud?
|| || || || || || || || || ||
a. employee embezzlement or occupational fraud
|| || || || ||
b. investment scams
|| ||
c. management fraud
|| ||
d. vendor fraud - ✔✔A
|| || || ||
Corporate employee fraud-fighters: || ||
a. work as postal inspectors and law enforcement officialsB
|| || || || || || || ||
b. prevent, detect, & investigate fraud within a company
|| || || || || || || ||
c. are lawyers who defend and/or prosecute fraud cases
|| || || || || || || ||
d. none of the abovw - ✔✔B
|| || || || || ||
Investment scams most often include: || || || ||
a. an action by top management against employees
|| || || || || || ||
b. worthless investments or assets sold to unsuspecting investors
|| || || || || || || ||
c. an overcharge for purchased goods
|| || || || ||
, 2
d. nonpayment of invoices for goods purchased by customers - ✔✔B
|| || || || || || || || || ||
Which of the following is NOT true of civil litigation?
|| || || || || || || || ||
a. it usually begins when one party files a complaint
|| || || || || || || || ||
b. the purpose is to compensate for harm done to another
|| || || || || || || || || ||
c. it must be heard by 12 jurors
|| || || || || || ||
d. only "the preponderance of the evidence" is needed for the plaintiff to be
|| || || || || || || || || || || || || ||
successful - ✔✔C || ||
Future careers in fraud will most likely be:
|| || || || || || ||
a. in low demand
|| || ||
b. in moderate demand
|| || ||
c. low paying
|| ||
d. in high demand and financially rewarding - ✔✔D
|| || || || || || || ||
Studying fraud will help you: || || || ||
a. learn evidence-gathering skills
|| || ||
b. avoid high-risk & fraudulent activities
|| || || || ||
c. learn valuable interviewing skills
|| || || ||
d. all of the above - ✔✔D
|| || || || || ||
Which of the following is the LEAST reliable resource for fraud statistics?
|| || || || || || || || || || ||
a. FBI agencies
|| ||
