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NEW QUESTION 38
The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.
- A. Sealed bids
- B. General purchasing
- C. Tailor specifications
- D. Bid-splitting
Answer: A
NEW QUESTION 39
According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.
- A. None of above
- B. Liabilities
- C. Assets
- D. Credentials
Answer: C
NEW QUESTION 40
_________ normally are carried on an organization’s books as expenses because they tend to be consumed by the organization within a year of purchase.
- A. Assets
- B. Supplies
- C. Expenses
- D. Equity
Answer: B
Explanation:
Section: Financial Transactions and Fraud Schemes
Explanation
NEW QUESTION 41
In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and
- A. Violation
- B. Isolation
- C. None of the above
- D. Rationalization
Answer: D
NEW QUESTION 42
In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?
- A. Bid-rigging
- B. Competitive bidding
- C. Kickbacks
- D. Bid solicitation
Answer: B
NEW QUESTION 43
……
