Question: You are a new summer intern working for a major professional services firm. During your lunch break each day, you and a fellow intern Bob

You are a new summer intern working for a major professional services firm. During your lunch break each day, you and a fellow intern Bob eat at a local sandwich shop. One day, Bob's girlfriend joins you for lunch. When the bill arrives, Bob pays with a company credit card and writes the meal off as a business expense. Bob and his girlfriend continue to be "treated" to lunch for a number of days. You know Bob is well aware of a recent memo that came down from management stating casual lunches are not valid business expenses. When you ask Bob about the charges, he replies, "Hey, we're interns. Those memos don't apply to us. We can expense anything we want. " Which of the following statements regarding Bob's use of the company credit card is not true? a. Bob is committing occupational fraud. b. Bob's use of the credit card is a form of asset misappropriation. c. You should encourage Bob to change his behavior and correct the fraudulent charges. d. The amount charged for the nonbusiness lunches does not meet the minimum threshold for fraud.

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