Fraud in companies such as WorldCom, Enron, Waste Management, Sunbeam, Rite-Aid, Phar-Mor, and Parmalat are examples of:
A) customer fraud.
B) investment scams.
C) vendor fraud.
D) management fraud.

Question

Quizplus · Accepted Answer

These examples all involve instances of management fraud, where executives and high-level employees of the company engage in fraudulent activities such as falsifying financial statements or misappropriating company funds.

Fraud in Companies Such as WorldCom, Enron, Waste Management, Sunbeam