Factors That Influence the Level of Fraud Risk Faced by an Organization

question 24

Multiple Choice

Factors that influence the level of fraud risk faced by an organization include which of the following?

• A) The nature of the business
• B) The effectiveness of the organization's internal control
• C) The ethics and values of the organization and the people in it
• D) All of the above

---

Definitions:

Small World Problem

A concept in sociology indicating that despite large social networks, there are surprisingly short chains of acquaintances between any two individuals.

Social Networking

The use of internet-based platforms and tools to build, enhance, or maintain connections with friends, family, and professional contacts.

Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors in judging others' behavior.

Higher Grade

A superior level of quality, achievement, or classification, often used in educational contexts to denote excellence or higher performance standards.