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Essay / Research Paper Abstract
A 5 page paper that responds to four diverse questions related to business. The essay discusses: employee theft and how communication may decrease this crime; types of bid rigging; financial statement fraud, including the most common acts of fraud and who is involved in the execution of these crimes; and why interviewers do not ask leading or closed questions. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: MM12_PGbs4qs.RTF
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Unformatted sample text from the term paper:
these thefts. Schaefer (2008) explained that employee theft includes things like "pilfering, larceny and embezzlement." These and other terms and actions all make up the general category of employee theft.
It means that an employee takes something that belongs to the business, not to the employee. That could be outright money or it could be products. What complicates this issue
is that if often takes a business about 18 months before the employer becomes aware of the theft (Schaefer, 2008). Some small businesses have been totally ruined, having to close
its doors, as the result of one single theft because the average theft in a small business is $100,000 (Schaefer, 2008). Another fact about employee larceny is that the worse
cases are more often committed by a manager than by a rank-and-file employee (Schaefer, 2008). Weve all heard about the 80/20 rule, there is another rule used for employee theft,
the 10-10-80 rule, which means 10 percent of the people will never steal a single thing, 10 percent will definitely steal if they have the opportunity to do so, and
80 percent may or may not steal dependent upon how they rationalize the opportunity to do so (Schaefer, 2008). Studies have shown that when employees believe they will be caught
stealing, fewer will attempt to steal anything (Schaefer, 2008). That leads directly to the code of conduct for the company and to communication between management and labor. Management must communicate
that the company has zero tolerance for theft and anyone who steals will not only be dismissed, they will face criminal charges (Schaefer, 2008). This code that is communicated frequently
and clearly should incorporate any type of theft, including time, e.g., employees always returning from breaks or lunch or arriving late are staling time (Schaefer, 2008). The company should actually
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