When a purchasing agent benefits personally by accepting payment from a vendor,the purchasing agent is guilty of
A)performing kiting.
B)committing embezzlement.
C)receiving kickbacks.
D)stealing company assets.

Question

Quizplus · Accepted Answer

Receiving kickbacks is when a purchasing agent benefits personally by accepting payment from a vendor. This is a type of bribery and is illegal. Performing kiting is a fraudulent accounting practice, embezzlement is stealing or misusing company funds, and stealing company assets is, well, stealing.

When a Purchasing Agent Benefits Personally by Accepting Payment from a Vendor,the