1) Kickback schemes involve the vendor as an accomplice.
2) The dichotomy of fraud is it cannot occur without trust, but commerce can occur
without trust.
3) Generally, in order to pursue a claim for legal damages successfully, the injured party
must prove:
U.Liability
V.Damages
W.Both A and B
X.None of the above
4) The three legs of the fraud triangle are opportunity, perceived benefit, and
rationalization.
5) Risk and return are ________ related.
U.Inversely
V.Positively
W.Not
X.Exponentially
6) One of the most popular methods of overstating inventory is through:
Q.Understating cost of goods sold
R.Phantom inventory
S.Overstating sales revenue
T.Overstating inventory obsolescence