https://www.youtube.com/watch?v=YTldpo-3dHU&index=3&list=PLyKCpkOBcX674XFR94fEyX

Question

https://www.youtube.com/watch?v=YTldpo-3dHU&index=3&list=PLyKCpkOBcX674XFR94fEyXRHiOKYSlc9L

QUESTION 20

1.      In the video: Other People's Money - The Basics of Asset Misappropriation, how did Bob Daniel get the money out of the company and into his “pocket”?

He used a ghost

He used international banks

He used a fake subsidiary

He used two shell companies that he setup

QUESTION 30

In the video: Other People's Money - The Basics of Asset Misappropriation, the narrator mentions that some embezzlers convince themselves that they are only borrowing the money and at some point will pay it back.  This is an example of:

Pressure

Rationalization

Robin Hood Complex

Opportunity

QUESTION 33

In the video: Other People's Money - The Basics of Asset Misappropriation, how did Bob Daniel spend the funds he stole?

On girl friends

Expensive jewelry for his wife and her mother

On illegal drugs and prostitutes

On living well and paying the IRS

QUESTION 40

According to the video: Other People's Money - The Basics of Asset Misappropriation, by physically delivering a paycheck (or even a pay stub if direct deposit is used), it might be revealed that:

A ghost employee

A shell company

A vendor disbursement fraud

A misuse of a physical asset

QUESTION 43

Bob Daniel was profiled in the video: Other People's Money - The Basics of Asset Misappropriation He was an accountant who stole money partly because of pressure.  What did he state was the source of his pressure?

Drug habit

Excessive credit card debt

Income tax debt and support for family

Large mortgages on 3 vacation homes

QUESTION 50

In the 2012 Report to the Nations on Occupational Fraud and Abuse, financial statement fraud had a higher median loss than asset misappropriation and corruption schemes.

True

False

QUESTION 53

In the video: Other People's Money - The Basics of Asset Misappropriation, the narrator describes check tampering by Bob Daniel. Which of the following types of check tampering did Daniel do?

Intercepted checks prepared by co-workers

Changed or aletred the "Pay to the Order" line on checks

Prepared fraudulent checks and forged signatures

Cashed the checks by using petty cash

QUESTION 69

According to the video: Other People's Money - The Basics of Asset Misappropriation, which of the following would help prevent cash register theft?

Keep access codes secure

Install video cameras and use secret shoppers

Give customers receipts each time so they are in the habit of expecting them

All of the above

QUESTION 76

According to the video: Other People's Money - The Basics of Asset Misappropriation, a shell company is:

A nonexistent vendor set up to facilitate disbursement fraud

A subsidiary

A parent company

An overseas firm, usually located on the coast and therefore referred to as a "shell"

He used a ghost

He used international banks

He used a fake subsidiary

He used two shell companies that he setup

Explanation / Answer

Question No Answer 20 He used two shell companies that he setup 30 Rationalization 33 On living well and paying the IRS 40 A ghost employee 43 Income tax debt and support for family 50 TRUE 53 Prepared fraudulent checks and forged signatures 69 All of the above 76 A nonexistent vendor set up to facilitate disbursement fraud

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.