One of the Elements of the Fraud Triangle Is Opportunity

question 7

True/False

One of the elements of the fraud triangle is opportunity.

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Definitions:

Target

An objective or goal that an individual or organization aims to achieve within a certain timeframe.

Analyzer Strategy

A business approach where a company carefully monitors its competitors' successful innovations and then follows suit, trying to improve upon them.

Strategy Formulation

The process of creating strategies, identifying the resources needed and the steps to be taken to achieve a specific organizational goal or objective.

Critical Component

An essential part or element of something that is vital for its proper functioning or effectiveness.