When a purchasing agent benefits personally by accepting payment from a vendor,the purchasing agent is guilty of which of the following?
A)Performing kiting.
B)Committing embezzlement.
C)Receiving kickbacks.
D)Stealing company assets.

Question

Quizplus · Accepted Answer

Receiving kickbacks is when a purchasing agent benefits personally by accepting payment from a vendor. Kiting is a fraudulent accounting practice, embezzlement involves stealing money from the company, and stealing company assets refers to taking physical goods without permission.

When a Purchasing Agent Benefits Personally by Accepting Payment from a Vendor,the