The Three Main Components of the Fraud Triangle Are

question 139

Multiple Choice

The three main components of the fraud triangle are:

• A)rationalization,opportunity and greed.
• B)opportunity,motive and lack of ethics.
• C)motive,opportunity and rationalization.
• D)none of the above.

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Definitions:

Instrumental Action

Behavior oriented towards achieving a specific goal or end, often motivated by self-interest or efficiency.

Objective Goal

A specific, measurable, and observable aim that is pursued by individuals or groups, often set to achieve desired outcomes.

Shared Understanding

A common knowledge or perspective held collectively by a group, facilitating communication and cooperation.

Fordism

An economic model based on mass production and consumption, characterized by standardized products and assembly-line techniques, named after Henry Ford.