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NEW QUESTION 40
Which of the following is NOT a distinguishing feature of a Ponzi scheme?

A. Promoters of Ponzi schemes engage in little or no valid commerce or investments.B. Previous investors are paid with money from new members.C. Participants attempt to recruit as many new members as possible.D. Participants believe that they are making a legitimate investment.

Answer: B

Explanation:
Explanation/Reference: https://www.acfe.com/ponzi-schemes.aspx#:~:text=A%20Ponzi%20scheme%20is%20an,actually%20a%20distribution%20of%20capital

 

NEW QUESTION 41
__________ may be defined as the offering, giving, receiving or soliciting anything of value to influence an official act.

A. BriberyB. Lacking approval authorityC. Diverting business to vendorsD. Corruption

Answer: A

 

NEW QUESTION 42
Employees with the authority to grant discounts in order to skim revenues may use which authority?

A. Internal discount sales auditsB. False discountsC. Recording a discount on sale procedureD. None of the above

Answer: B

 

NEW QUESTION 43
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