You are having lunch with another student. during the course of your conversation, you tell your friend about your new fraud examination class. after you explain the devastating impact of fraud on businesses today, she questions how people can commit so much fraud given the advances in technology over the past several years. advances in technology have resulted in a significant reduction in the size and frequency of frauds in recent years.
a. true
b. false

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase