Question

According to the 2012 Report to the Nations on Occupational Fraud and Abuse, do cash schemes have a higher median loss than non-cash schemes?

a. True
b. False
c. Not specified in the report
d. Insufficient data

Answer 1

According to the 2012 Report to the Nations on Occupational Fraud and Abuse, cash schemes have a higher median loss than non-cash schemes.

Step-by-step explanation:

According to the 2012 Report to the Nations on Occupational Fraud and Abuse, cash schemes do have a higher median loss than non-cash schemes. The report analyzed data from 1,388 fraud cases and found that the median loss for cash schemes was $150,000, while the median loss for non-cash schemes was $98,000. Cash schemes typically involve stealing cash directly or manipulating financial records to obtain cash, which can lead to larger losses compared to non-cash schemes.