One fraudulent scheme covers up a theft by creating cash through the transfer of money between banks. This is known as
A) lapping.
B) misappropriation of assets.
C) kiting.
D) concealment.
Answer: C
Business
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Top management tends to leave public relations in the hands of the __________ and assumes a relatively passive role, often so they can "get back to business."
A. Expert prescriber C. Communication technician
Business
Calculate the profitability index for the cash flows provided in the table below
Note: The negative cash flow for year 0 is the initial investment for the project. Assume a required rate of return of 9.00% Year Cash Flow 0 -$90,000 1 $32,000 2 $32,000 3 $32,000 A) 0.85 B) 0.90 C) 1.00 D) 1.11
Business