INV 1705 Quiz 5 RDS

INV 1705 Quiz 5 RDS

University

5 Qs

quiz-placeholder

Similar activities

Understanding the Yazoo Land Act

Understanding the Yazoo Land Act

8th Grade - University

5 Qs

UAS Audit Forensik

UAS Audit Forensik

University

10 Qs

QUIZ NO 2 ENDTERM

QUIZ NO 2 ENDTERM

University

10 Qs

History of Hisbah

History of Hisbah

University

10 Qs

F3.1

F3.1

University

10 Qs

PMG513 Lecture 11 - Creative Manager Facing the Future

PMG513 Lecture 11 - Creative Manager Facing the Future

University

10 Qs

Financial Crime - Tutorial 1

Financial Crime - Tutorial 1

University

5 Qs

Auditing 1

Auditing 1

University

10 Qs

INV 1705 Quiz 5 RDS

INV 1705 Quiz 5 RDS

Assessment

Quiz

Social Studies

University

Medium

Created by

KODIMALAR A/P JEYABALAN

Used 1+ times

FREE Resource

5 questions

Show all answers

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