6 Which of the following is not a characteristic of all fraud? A. It is done to provide direct or indirect benefit to the employee. B. It violates the employee's duties to his employer. It costs the employer money. D. It is secret E. Can be intentional or unintentional. 7. Cost accounting systems used by manufacturing companies are based on the: A. Periodic inventory system. B Perpetual inventory system. C. Finished goods inventories. D. Weighted average inventories. E. LIFO inventory system. 8. A system of accounting for manufacturing operations that produces timely information about inventories and manufacturing costs per unit of product is a: A. Finished goods accounting system. B. General accounting system. C. Manufacturing accounting system. D. Cost accounting system. E. Production accounting system. 9. Job order costing systems normally use: A. Periodic inventory systems. B. Perpetual inventory systems. C. Real inventory systems. D. General inventory systems. E. All of the above. 10. In comparison to a general accounting system for a manufacturing company, a cost accounting system places an emphasis on: A. Periodic inventory counts. B. Total costs. C. Unit costs and cost control. D. Products and average costs. E. Large volume operations involving standardized products. 11. The production activities for a customized product represent a(n): A. Operation B. Job. C. Unit. D. Pool. E Process. 12. A job order cost accounting system would best fit the needs of a company that makes: A. Shoes and apparel. B. Paint. C. Cement. D. Custom machinery. E. Pencils and erasers