CBAD 201 BUSINESS ADMINISTRATION
CAPSTONE ASSESSMENT 2026 FULL
ANSWERS GUARANTEED PASS
⩥ Which of the following terms is not part of the fraud triangle?
Answer: Conspiracy
⩥ The primary way that fraud is detected, prevented, or corrected is
through a proper system of internal control. Answer: True
⩥ Which of the following items is not an objective of an internal control
system? (Select all that apply.) Answer: Ensure maximum profitability
⩥ Payments by check or EFT represent an important internal control.
Answer: True
⩥ When a company receives customers' checks by mail: Answer: all
incoming mail containing checks from customers should be opened by
the mailroom.
⩥ How are outstanding checks handled in a bank reconciliation?
Answer: Deducted from the bank balance
, ⩥ How is interest revenue handled in a bank reconciliation? Answer:
Added to the book balance
⩥ After changing the amount of a legitimate business expense receipt
from $70 to $90, Sidney Block submits the receipt for reimbursement
from her company. This situation is an example of a(n) Answer:
overstated expense
⩥ Claire Nestor is reimbursed for office supplies by a nonprofit
organization where she volunteers and then submits the same office
supplies expense for reimbursement by her employer, C & R
Corporation. Answer: multiple reimbursements
⩥ Frank Masterton submits a taxi receipt for reimbursement and writes
in a larger tip on the receipt than actually paid. Answer: overstated
expense
⩥ Cassy Gerber visits fakereceipts.com and creates a receipt for dinner
at a restaurant. She submits the receipt for reimbursement by her
employer. Answer: fictitious expense
⩥ Xavier Meyers submits a theme park admission receipt for
reimbursement. Xavier claims that the visit to the theme park was a
business meeting. Xavier went to the park with family members, not
with business associates or customers. Answer: mischaracterized
expense
CAPSTONE ASSESSMENT 2026 FULL
ANSWERS GUARANTEED PASS
⩥ Which of the following terms is not part of the fraud triangle?
Answer: Conspiracy
⩥ The primary way that fraud is detected, prevented, or corrected is
through a proper system of internal control. Answer: True
⩥ Which of the following items is not an objective of an internal control
system? (Select all that apply.) Answer: Ensure maximum profitability
⩥ Payments by check or EFT represent an important internal control.
Answer: True
⩥ When a company receives customers' checks by mail: Answer: all
incoming mail containing checks from customers should be opened by
the mailroom.
⩥ How are outstanding checks handled in a bank reconciliation?
Answer: Deducted from the bank balance
, ⩥ How is interest revenue handled in a bank reconciliation? Answer:
Added to the book balance
⩥ After changing the amount of a legitimate business expense receipt
from $70 to $90, Sidney Block submits the receipt for reimbursement
from her company. This situation is an example of a(n) Answer:
overstated expense
⩥ Claire Nestor is reimbursed for office supplies by a nonprofit
organization where she volunteers and then submits the same office
supplies expense for reimbursement by her employer, C & R
Corporation. Answer: multiple reimbursements
⩥ Frank Masterton submits a taxi receipt for reimbursement and writes
in a larger tip on the receipt than actually paid. Answer: overstated
expense
⩥ Cassy Gerber visits fakereceipts.com and creates a receipt for dinner
at a restaurant. She submits the receipt for reimbursement by her
employer. Answer: fictitious expense
⩥ Xavier Meyers submits a theme park admission receipt for
reimbursement. Xavier claims that the visit to the theme park was a
business meeting. Xavier went to the park with family members, not
with business associates or customers. Answer: mischaracterized
expense
