1. Which of the following is true of the fraud triangle?

The fraud triangle explains the factors causing someone to commit fraud.

The fraud triangle explains that only a perceived unshareable financial need can encourage individuals to commit frauds.

The fraud triangle explains that only an ability to rationalize the commission of fraud can encourage individuals to commit frauds.

The fraud triangle explains how stellar employees prevent the occurrence of fraud in a company.

2. Which of the following is true of an exchange loss?

It is a loss on the exchange of one currency for another due to depreciation of the home currency.

It is a loss on the exchange of one currency for another due to depreciation of the foreign currency.

An exchange loss occurs when the currency of the home country strengthens relative to the foreign country's currency.

An exchange loss is not a practical scenario.

3. The key factors in achieving reduced wait and move times in manufacturing processes are:

		low setup times and continuous flow manufacturing.
		high cycle time and traditional manufacturing setup.
		high wait times and large batches of products.
		low variety of products and high changeover times.

4. Which of the following is true of lean manufacturing?

		Lean manufacturing results in increased human efforts.
		Lean manufacturing seeks to achieve zero defects.
		In a lean manufacturing setup, production is organized by function into departments and products are produced in large batches.
		In a lean manufacturing setup, there is significant move time and wait time as each batch moves from one department to another and waits for its turn.