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Which of the following are used in a short term skimming scheme?
Suggested Answer: C
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35 comments · newest first
OL
Olen
11 months ago
I agree with A, it covers the main tactics used.
HA
Hannah
11 months ago
C is also a possibility, false accounts can be used too.
CA
Carma
11 months ago
Wait, theft of incoming checks? That sounds risky!
MI
Micheal
12 months ago
I think B is more accurate, dual endorsements are sneaky!
AL
Alayna
12 months ago
Definitely A, those are classic methods.
JU
Julieta
12 months ago
Option D seems plausible since it includes theft of incoming checks, but I wonder if check-for-currency substitutions are really a common tactic.
JA
Jacklyn
1 year ago
I feel like understated sales are definitely involved in skimming schemes, but I can't recall if it's with theft of checks or something else.
CA
Carolynn
1 year ago
I'm not entirely sure, but I remember something about dual endorsements from a practice question. Maybe it's in option B?
EL
Elouise
1 year ago
I think option A sounds familiar since it mentions theft of incoming checks, which we discussed in class.
DE
Deonna
1 year ago
Okay, I've got it. The key is to identify the specific methods used in a short-term skimming scheme, which typically involve understating sales, stealing incoming checks, and substituting checks for cash. I'll go with D.
DO
Dong
1 year ago
I'm a bit confused by the options. Are unrecorded sales and false company accounts the same thing? And what exactly is a "dual endorsement" in this context? I'll need to think this through carefully.
BL
Blair
1 year ago
I'm pretty confident that the correct answer is D - understated sales, theft of incoming checks, and check-for-currency substitutions. Those all seem like common techniques used in short-term skimming.
LO
Louvenia
1 year ago
This question seems straightforward, but I want to make sure I understand the key elements of a short-term skimming scheme before selecting an answer.
NO
Nobuko
1 year ago
This question seems straightforward, but I want to make sure I understand the concept of resource elasticity in the cloud before answering.
AN
Antonio
1 year ago
The question seems straightforward. Using a provider's API is the way to go for secure and reliable data storage.
NI
Nina
1 year ago
D looks good, but I'm a bit confused about the 'theft of incoming checks' part. Isn't that just a subset of the 'unrecorded sales' in A?
TH
Theodora
1 year ago
C) False company accounts, understated sales and theft of incoming checks
BA
Bambi
1 year ago
B) Unrecorded sales, understated sales and dual endorsements
CR
Craig
1 year ago
A) Unrecorded sales, understated sales and theft of incoming checks
CI
Ciara
2 years ago
Haha, 'check-for-currency substitutions'? That sounds like something out of a spy movie!
VA
Vannessa
1 year ago
D) Understated sales, theft of incoming checks and check-for-currency substitutions
LE
Leatha
1 year ago
C) False company accounts, understated sales and theft of incoming checks
EA
Earnestine
1 year ago
B) Unrecorded sales, understated sales and dual endorsements
BR
Brinda
1 year ago
A) Unrecorded sales, understated sales and theft of incoming checks
SI
Silva
2 years ago
Why do you think it's D?
TA
Tarra
2 years ago
I disagree, I believe it's D.
ET
Ettie
2 years ago
I'm not sure about the 'dual endorsements' in option B. Isn't that more of a long-term fraud scheme?
LU
Lucille
1 year ago
Theft of incoming checks is another common tactic in short term skimming schemes.
GI
Gilma
1 year ago
User 2
BR
Brock
1 year ago
Unrecorded sales and understated sales are more commonly associated with short term skimming schemes.
FI
Filiberto
1 year ago
User 1
CH
Chau
1 year ago
Dual endorsements can actually be used in both short and long term fraud schemes.
ME
Melissa
1 year ago
Option B includes dual endorsements, which can be used in short term skimming schemes.
DA
Dannie
2 years ago
Option A seems like the most comprehensive answer, covering all the key elements of a short-term skimming scheme.
SI
Silva
2 years ago
I think the answer is A.