Fraud Experts Often Say That There Are Three Primary Factors

question 199

Essay

Fraud experts often say that there are three primary factors that contribute to employee fraud. Identify the three factors and explain what is meant by each.

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Definitions:

Transesterification

A chemical reaction in which an ester is transformed into another ester through the exchange of the alkoxy group.

Methyl Benzoate

An ester formed from methanol and benzoic acid, commonly used in perfumery and flavorings.

Sodium Ethoxide

A strong base formed by the reaction of ethanol with sodium metal, commonly used in organic synthesis.

Transesterification

A chemical reaction in which an ester is transformed into a different ester through the exchange of alkyl groups, important in biodiesel production.