Ask Question
BusinessBusiness
25 February, 12:48

Which of the following statements regarding Bob's use of the company credit card is not true?

A. You should encourage Bob to change his behavior and correct the fraudulent charges.

B. Bob's use of the credit card is a form of asset misappropriation.

C. Bob is committing occupational fraud.

D. The amount charged for the nonbusiness lunches does not meet the minimum threshold for fraud.

+3
Answers (1)
  1. 25 February, 15:14
    0
    D. The amount charged for the nonbusiness lunches does not meet the minimum threshold for fraud.

    Explanation: Regardless of the amount, Bob is knowingly using company resources for personal spendings, this is considered fraud. This kind of misbehavior can have different levels of severity, and the punishment for this fault should come according to the level of damage, however, it shows an ethical fault that needs to be addressed, even if it is a small amount.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following statements regarding Bob's use of the company credit card is not true? A. You should encourage Bob to change his ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A tax-cut will have a greater effect on equilibrium GDP if the: A. Marginal propensity to consume is smaller B. Marginal propensity to save is smaller C. Marginal propensity to save is larger D. Average propensity to save is larger
Answers (1)
The up and coming corporation's common stock has a beta of 1.05. if the risk-free rate is 5.3 percent and the expected return on the market is 12 percent, up and coming's cost of equity is percent. (do not include the percent sign (%).
Answers (1)
On January 2, 2005, Ames Corp. signed an eight-year lease for office space. Ames has the option to renew the lease for an additional four-year period on or before January 2, 2012.
Answers (1)
When its beer sales were flat, budweiser became interested in entering the premixed cocktail segment by providing a product that would appeal to those who don't enjoy traditional beer.
Answers (1)
Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable $ 29,500 $ 45,000 Inventory 31,000 38,000 Net sales (all credit) 194,000 190,000 Cost of goods sold 115,000 112,000
Answers (1)
New Questions in Business
A firm has three different production facilities, all of which produce the same product ... While reviewing the firm's cost data, Jasmin, a manager, discovers that one of the plants has a higher average cost than the other plants and suggests
Answers (1)
Five jobs are waiting to be processed. Their processing times and due dates are given below. Using the shortestprocessing time dispatching rule, in which order should the jobs be processed?
Answers (1)
Acme Foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. A sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier.
Answers (1)
Which of the following comparisons best isolates the impact of a change in activity on performance?
Answers (1)
If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of
Answers (1)
Home » Business » Which of the following statements regarding Bob's use of the company credit card is not true? A. You should encourage Bob to change his behavior and correct the fraudulent charges. B. Bob's use of the credit card is a form of asset misappropriation.
Sign Up Forgot Password?