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Acct 562 Week 4 Midterm Exam Answers

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ACCT 562 Week 4 Midterm Exam Answers

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1. Question : (TCO D) The review team should be aware of various management and
operational techniques, which includes all of the following except:
Mental Models
2. Question : (TCO F) Manually altering entries in an organization‘s books in order to
conceal fraud is called:
Forced reconciliation
Padding the books
Instructor Explanation:Wells, Chapter 9
3. Question : (TCO F) During an interview, when an interviewee repeatedly fiddles
with a pen or picks lint from her clothing, he/she is giving non¬verbal
clues called:
Instructor Explanation:Wells, Chapter 15
4. Question : (TCO F) When the subject of an investigation has been accused of
misconduct, establishing a morally acceptable rationalization might
allow the accused to reconcile his actions with his conscience. Which
of the following is not an example of an acceptable rationalization?
The accused felt that he needed to get back at someone in the
The accused engaged in the misconduct for the benefit of others.
The accused has personal demons that can’t be overcome.
Instructor Explanation:Wells, Chapter 15
5. Question : (TCO F) In one of the case studies in the Wells textbook (page 49),
Brian Lee, a top¬notch plastic surgeon, collected payments from his
patients without giving a cut to the clinic where he practiced. What was
his motivation for committing the fraud?
Repay his students loans.
Fund his charitable doctor work.
None of the above
Instructor Explanation:Wells, Chapter 2

6. Question : (TCO F) Nicolette Garrison works part¬time at an independent record
store. Whenever her friend, Jacob Barker, comes into the store during
one of her shifts, he picks up a CD and brings it to the register where
Nicolette is stationed. After ringing a no sale transaction on the...


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