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Bogdan [553]
4 years ago
6

Billy Mitchell is the head cashier for a clothing store that specializes in men’s silk suits. After losing big at the local dog

track, Billy was in the hole financially. To cover his gambling debts, he started issuing numerous refund credits to his own credit card for amounts just below the store’s review limit. This is an example of a __________________ scheme.
a.Cash larceny
b.Credit card skimming
c.Fictitious refunds
d.Understated reimbursement
Business
1 answer:
VARVARA [1.3K]4 years ago
4 0

Answer: Fictitious refunds

Explanation:

A fictitious refund scheme, occurs when a fraudster processes a transaction to look as if a customer was returning a merchandise, even though there was no actual return. While some fraudsters create an entirely fictitious refund, other fraudsters just overstate the amount of a legitimate refund that took place and steal the excess money.

Billy Mitchell covering his gambling debts, issuing several refund credits to his personal credit card for amounts that were below the store’s review limit is an example of fictitious refund scheme.

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Answer:

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3 years ago
A ____________ approach to solving the recession in this example would have no uncertainty regarding the attainment of the short
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Answer:

monetarist approach                            

Explanation:

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If a country's money supply decreases, business activity will rise, as per monetarist theory; the opposite is also correct. The monetarist philosophy is driven by a standard equation, MV= PQ, in which M will be the money supply, V is just the pace and P refers to the price of commodities, and Q is the sum of commodities.    

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Anika [276]

Answer:

The answer is: All the options are correct (I, II and III)

Explanation:

The larger the number of individuals (e.g. securities analysts, investors) who are informed about the price system of securities, the prices of securities will approach informational efficiency.

When the system approaches informational efficiency, you can determine which securities are riskier than others. Therefore you can price riskier securities so that they offer higher expected returns.

The other positive effect of informational efficacy is that investors can determine which securities are undervalued or overvalued.

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g100num [7]

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3 years ago
What is down payment with regarding to buying a house?
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