No. 1:

Lexi has recently begun working at a local florist. In addition to creating floral arrangements, she spends a good deal of her time talking to customers and ringing up sales. Over time, she identifies a weakness in the procedures for ringing up voids. No approval is necessary to void a sale, and the void slip collects very little information about the sale. After Lexi has completed a sale and the customer has left, she voids the sale and pockets the cash that was just received. The floral shop doesnt miss the lost inventory because it has a high inventory turnover ratio and high losses due to flowers losing their bloom.

Questions:

1. What specific type of fraud is Lexi committing? (2 points)

2. What could the owner do to prevent this type of fraud from occurring? Give at least four (4). (8 points)