Which of the Following Is True Regarding the Fraud Triangle

question 43

Multiple Choice

Which of the following is true regarding the fraud triangle?

• A) The three elements of the fraud triangle are interactive.
• B) Rationalization for the fraud act is thought of after the fraud has been committed.
• C) The perceived ability to conceal the fraud act concerns the rationalization side of the fraud triangle.
• D) Work-related pressure to commit fraud is the strongest of the pressure triangle element.

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Definitions:

Marginal Cost

The supplementary expense involved in creating an additional unit of a product or service.

Marginal Revenue

The extra revenue a company earns by selling an additional unit of a product or service.

Competitive Market

A market structure characterized by many buyers and sellers where no single entity can dictate or significantly alter the market price.

Competitive Market

A marketplace setup where there are numerous buyers and sellers, ensuring that no single participant has the power to control prices or the state of the market.