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7. Which is a red flag indicating improper asset valuation? (Points : 1) Using lower of cost or market to value inventory Using historical cost

7. Which is a red flag indicating improper asset valuation? (Points : 1)
Using lower of cost or market to value inventory Using historical cost to value investments Improperly capitalizing plant assets Unusual increase in gross margin

Question 8.8. A foreign official demanding payment from a contractor is an example of what type of corruption? (Points : 1)
Economic extortion Conflict of interest Bribery Illegal gratuity

Question 9.9. A food vendor submits inflated bills to the restaurant manager who is an accomplice in the scheme. What type of corruption is this? (Points : 1)
Conflict of interest Kickback Illegal gratuity Bribery

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