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Fraud and Investigation MCQs


Q:1-When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.
Mark one answer:
True
False


Q:2-In Fraud scale pressure, opportunity and integrity variables all results in a list of possible red flags or indicators of occupational fraud and abuse.
Mark one answer:
81
82 83
84

Q:3-_____ can be defined as conduct detrimental to the organization and to the employee.
Mark one answer:
Employee deviance Employee theft
Employee fraud
All of the above

Q:4-Inventory control is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.
Mark one answer:
True False

Q:5-Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.
Mark one answer:
True
False


Q:6-Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events is called:
Mark one answer:
Asset Determined asset
Operating Performance
Investment property

Q:7-What are recognized and accepted by state insurance departments in evaluating the solvency of an insurer for statutory accounting purposes?
Mark one answer:
Assets
Determined assets
Admitted assets Altered assets

Q:8-What do not contribute to an insurer’s solvency as measured by statutory accounting requirements?
Mark one answer:
Non-determined assets
Non-admitted assets Unacknowledged assets
Disallow assets

Q:9-_____ is defined as an existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future event(s) occur or fail to occur.
Mark one answer:
Compensation
Impairment Reimbursement
Contingency

Q:10-Any securities representing a creditor relationship, whereby there is a fixed schedule for one or more future payments are called:
Mark one answer:
Admitted assets
Policy imbursement
Yield amount
Bonds

Comments

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