Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- Discuss the potential risks that insiders provide to the safety of a firm as well as the motivations that drive them to engage in illegal or unethical activities.arrow_forwardWhat are the explicit and hidden agendas behind frauds such as the "get-rich-quick" schemes?arrow_forwardWhat are accounting symptoms of Fraud? What are analytical symptoms of Fraud?arrow_forward
- Explain the role of internal controls in preventing and detecting business fraudarrow_forwardWhat is fraud? Name two types of fraud. 2) What were some laws that were enacted to promote ethical behavior?arrow_forwardWhat possible motivation might a business manager have for perpetrating fraud?arrow_forward
- The Justice Department shut down three of the most popular online poker websites. State agencies take countless actions each year to stop illegal gaming operations. Do you believe that gambling by adults should be regulated? If so, which types? Rate the following types of gambling from most acceptable to least acceptable: Ball-Mart, a baseball card store, had a 1968 Nolan Ryan rookie card in almost perfect condition for sale. Any baseball collector would have known that the card was worth at least $1,000; the published monthly price guide listed its market value at $1,200. Bryan was a 12-year-old boy with a collection of over 40,000 baseball cards. When Bryan went to Ball-Mart, Kathleen, who knew nothing about cards, was filling in for the owner. The Ryan card was marked "1200", so Bryan asked Kathleen if this meant 12 dollars. She said yes and sold it to him for that amount. When Ball-Mart's owner realized the mix-up, he sued to rescind the contract. Who wins?arrow_forwardWhat are the benefits of keeping business dealings private? What kinds of abuse spring to mind if there aren't any safeguards in place? How may illegal activities be thwarted if privacy regulations were enforced?arrow_forwardUnder what circumstances can personal leverage be viewed as a substitute for corporate leverage? What are the implications of such substitutability?arrow_forward
- What are the benefits of keeping business dealings private? What kinds of abuse spring to mind if there aren't any safeguards in place? How may illegal activities be thwarted if privacy regulations were enforced?arrow_forwardHow can individuals conspire to carry out fraud electronically? How can organizations conspire to carry out fraud electronically? How can jurisdictions collude to carry out fraud electronically?arrow_forwardWhat are the consequences of business fraud?arrow_forward
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