True or False

The Vast majority of asset misappropriations involve tangible property. ____

Billing Schemes have been reported in a major fraud survey as the most of fraudulent disbursement transactions.____

A shell company is fake entity set up to help a trust violator commit embezzlement and is usually nothing more than a fictitious company name and a post office box.____

In a billing scheme, the biggest challenge is getting the victim company to authorize payment.____

To set up a shell company and falsify bills for goods and services, the embezzler most likely will set up the shell company in his or her own name.____

Collusion among several employees can overcome even the most well-designed internal controls.______

A billing scheme involves sending an invoice to a company for completely fictitious goods or services._____

Most shell company schemes involve the purchase of goods rather than services._____

A simple test to see if a shell company really does exist is to Google the company name or look the company up in the phone book.____

Very often the perpetrator of billing scheme is the person who authorizes the purchase.____