The Most Important Element of the Fraud Triangle Is Rationalization

question 12

True/False

The most important element of the fraud triangle is rationalization.

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Definitions:

Population Proportion

A measure that describes the fraction of individuals in a population having a particular trait or attribute.

Random Sample

A sample drawn from a population in such a way that every individual has an equal chance of being selected.

Quality Control

The process of ensuring that products and services meet customer expectations and compliance standards through consistent monitoring and regulation.

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly the mean.