INV 1705 Quiz 5 RDS

Quiz
•
Social Studies
•
University
•
Medium
KODIMALAR A/P JEYABALAN
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Registered Disbursement Scheme (RDS) in the context of fraud?
A legitimate process for tracking company expenses
A fraudulent scheme where employees make fake disbursements to themselves
A government program for financial assistance
A method for paying suppliers through electronic transfers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do fraudsters typically commit Registered Disbursement Scheme (RDS) fraud?
By submitting false reimbursement claims for personal expenses
By recording all disbursements accurately in financial reports
By ensuring all payments go through a verification process
By using company funds strictly for business-related expenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is false refund fraud?
A legitimate refund issued to a customer for a returned item
A discount given to a loyal customer
A fraudulent refund processed for a non-existent return
A refund processed through a secure payment gateway
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a fictitious refund in refund fraud?
A refund given to a customer after proper verification
A refund processed after the product is received in good condition
A refund issued by a manager following company policy
A refund issued for an item that was never purchased or returned
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do fraudsters commit false void fraud?
By ensuring that voided sales are reviewed during reconciliation
By voiding a sale and taking the cash while keeping the merchandise intact
By requiring manager approval for all voided transactions
By properly documenting voided transactions for audit purposes
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