LSUS MBA 710 Exam 2 STUDY GUIDE QUESTIONS AND ANSWERS
One of two main categories of register disbursements, in
False refund scheme
which a fraudulent refund is processed at the cash register
to account for stolen cash.
A false refund scheme in which an employee processes a
Fictitious refund scheme
fake refund transaction as if a customer was actually
returning merchandise and pockets the cash instead.
A false refund scheme in which an employee overstate
Overstated refund scheme the amount of a legitimate customer refund, then gives the
customer the actual amount of the refund, then gives the
customer the actual amount of the refund and steals the
excess.
One of the two main categories of register disbursements.
False void scheme
A scheme in which an employee accounts for stolen cash
by voiding a previously recorded sale.
A scheme in which a fraudster causes the victim
Billing scheme organization to issue a fraudulent payment by submitting
invoices for fictitious goods or services, inflated invoices,
or invoices for personal purchase.
A situation in which two or more employees work together
Collusion
to commit fraud by overcoming a well-designed internal
control system.
A subcategory of a shell company scheme in which
Pass-through scheme
actual goods or services are sold to the victim company.
A fraud in which an employee intentionally mishandled
Pay-and-return scheme payments that are owed to legitimate companies, then
steals the excess payments when they are returned by the
vendor.
A category of billing scheme in which an employee simply
Personal purchase scheme
buys personal items with the company's funds, credit
card, or purchasing card.
Shell company A fictitious entity created for the sole purpose of committing fraud.
,Which of the following belongs d. All of the above
to register disbursement
scheme?
a. Fictitiousrefunds
b. Overstated refunds
c. False voids
d. All of the above
False refund scheme can be d. All of the above
concealed by ?
a. Destroying register tapes
b. Issuing refunds below the
review limit
c. Forcing inventory totals
d. All of the above
How register disbursement is c. Resister disbursement leave a record of removal of money on the
different from skimming and register tape
larceny?
a. Resister disbursement is
on-book schemes, where as
skimming and larceny are
off-book schemes
b. Resister disbursement
requires an accomplice
c. Resister disbursement
leave a record of removal of
money on the register tape
d. All of the above
The best way for an organization b. Maintain appropriate separation of duties.
to prevent fraudulent register
disbursements is to:
a. Have each employee
compare the cash in his or
her register drawer to the
register tape at the end of
each shift.
b. Maintain appropriate
separation of duties.
c. Have a policy requiring
photocopied receipts for
sales refunds.
d. None of above
How a register disbursement d. All of the above
scheme be prevented or
detected?
, a. Randomly call
customers who have
returned merchandise or
voided sales.
b. Restrict access to the
control key or
management code that
authorizes reversing
transactions.
c. Place signs around the
store encouraging
customers to ask for and
examine their receipts.
d. All of the above
One of two main categories of register disbursements, in
False refund scheme
which a fraudulent refund is processed at the cash register
to account for stolen cash.
A false refund scheme in which an employee processes a
Fictitious refund scheme
fake refund transaction as if a customer was actually
returning merchandise and pockets the cash instead.
A false refund scheme in which an employee overstate
Overstated refund scheme the amount of a legitimate customer refund, then gives the
customer the actual amount of the refund, then gives the
customer the actual amount of the refund and steals the
excess.
One of the two main categories of register disbursements.
False void scheme
A scheme in which an employee accounts for stolen cash
by voiding a previously recorded sale.
A scheme in which a fraudster causes the victim
Billing scheme organization to issue a fraudulent payment by submitting
invoices for fictitious goods or services, inflated invoices,
or invoices for personal purchase.
A situation in which two or more employees work together
Collusion
to commit fraud by overcoming a well-designed internal
control system.
A subcategory of a shell company scheme in which
Pass-through scheme
actual goods or services are sold to the victim company.
A fraud in which an employee intentionally mishandled
Pay-and-return scheme payments that are owed to legitimate companies, then
steals the excess payments when they are returned by the
vendor.
A category of billing scheme in which an employee simply
Personal purchase scheme
buys personal items with the company's funds, credit
card, or purchasing card.
Shell company A fictitious entity created for the sole purpose of committing fraud.
,Which of the following belongs d. All of the above
to register disbursement
scheme?
a. Fictitiousrefunds
b. Overstated refunds
c. False voids
d. All of the above
False refund scheme can be d. All of the above
concealed by ?
a. Destroying register tapes
b. Issuing refunds below the
review limit
c. Forcing inventory totals
d. All of the above
How register disbursement is c. Resister disbursement leave a record of removal of money on the
different from skimming and register tape
larceny?
a. Resister disbursement is
on-book schemes, where as
skimming and larceny are
off-book schemes
b. Resister disbursement
requires an accomplice
c. Resister disbursement
leave a record of removal of
money on the register tape
d. All of the above
The best way for an organization b. Maintain appropriate separation of duties.
to prevent fraudulent register
disbursements is to:
a. Have each employee
compare the cash in his or
her register drawer to the
register tape at the end of
each shift.
b. Maintain appropriate
separation of duties.
c. Have a policy requiring
photocopied receipts for
sales refunds.
d. None of above
How a register disbursement d. All of the above
scheme be prevented or
detected?
, a. Randomly call
customers who have
returned merchandise or
voided sales.
b. Restrict access to the
control key or
management code that
authorizes reversing
transactions.
c. Place signs around the
store encouraging
customers to ask for and
examine their receipts.
d. All of the above
