Answer:
I can share one fraud example that happened at a company I used to work at, perhaps it can help you with this.
I worked in recruiting for a medium sized tech company, and when big projects came along we had to hire a large number of people in a very short time. On one of these projects we hired a software developer to freelance for us in this project. He did such a good job that he was offered a permanent position after the project was done. He accepted and started working for us immediately after, as another manager wanted to work with him on another project.
Because he was known in the company and it was urgent that he worked with us, the hiring process was rushed and some steps were overlooked. One of these steps was asking the applicant to document their experience, we usually asked for references and recommendation letters. After about a month and a half, HR asked the developer to give his references or ask for recommendation letters, almost as a formality.
Although we called the references and they checked out, something was off in the statements they gave. So a colleague who knew people at a previous company this developer worked for, called a friend and asked her to inquire about him. Turns out he never worked there and had given a fake reference who he had instructed on what to say. Needless to say he was immediately fired.
Although there were policies and procedures to avoid an incident like this, work overload made it so that they were overlooked and we trusted that because he had been a good freelancer he would be a good employee. Afterwards, by company policy it was strictly forbidden to skip a step in the hiring process and a background check was also implemented.
Answer:
All Citizens are the ones who vote for government policy.
Answer: Offset their losses with gains
Explanation:
Diversification reduces the risk of losses because it spreads investment out across different industries that are ideally negatively correlated so that if things in one industry go wrong for instance, things will go right in the other.
For instance, the investor could invest in both Ice cream companies and Hot Beverage companies with the idea being that in winter when the Ice Cream company losses sales, the Hot Beverage company would make up for it and vice versa in the summer.
Diversification therefore works by offsetting losses in one investment with gains in another.
Answer:
Development of economy - Financial resources lead to development of economy of the country, leading to generation of employment opportunities, reduction in poverty and overall nation's development. ... They also lead to development of education, medical and employment infrastructure of the country.
