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NEW QUESTION 54
The heart of book keeping system is the ___________.

• A. Liability
• B. Checkbook
• C. Asset
• D. Journal

Answer: B

NEW QUESTION 55
Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

• A. Equity
• B. Expense
• C. Balance sheet
• D. Financial record

Answer: B

NEW QUESTION 56
Another way to eliminate competition in the solicitation phase of the selection process is to:

• A. None of the above
• B. Solicit transaction from fictitious vendors
• C. Solicit bid-splitting from fictitious vendors
• D. Solicit bid from fictitious suppliers

Answer: D

NEW QUESTION 57
......