Question

The Two General Classifications of fraud:

1)Committed _______ an organization
2)Committed _______ an organization
A) Outside
B) Inside
C) Beyond
D) Underneath

Answer 1

Fraud can be classified as either committed inside or outside an organization, with occupational fraud occurring internally and fraud involving external entities happening externally.

Step-by-step explanation:

The two general classifications of fraud are:

1. Committed Inside an organization
2. Committed Outside an organization

Fraud that is committed inside an organization is often referred to as occupational fraud and is carried out by employees, managers, or executives within the company. This type of fraud can include activities such as embezzlement, payroll fraud, or fraudulent financial reporting. On the other hand, fraud committed outside an organization typically involves external entities such as customers, vendors, or cyber criminals targeting the company through means such as hacking, phishing, or supply chain fraud.