The Most Important Element of the Fraud Triangle Is

question 195

Multiple Choice

The most important element of the fraud triangle is

• A) financial pressure.
• B) incompatible duties.
• C) opportunity.
• D) rationalization.

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Definitions:

Consumption

The process by which goods and services are used up or consumed, typically referring to household consumption in economics.

Average Propensity

Average Propensity refers to the average tendency of individuals or entities, such as the average propensity to consume or save, measured over a specific period or income level.

Disposable Income

The available cash reserves for households to spend and save once taxes on income have been settled.

Consumption

The use of goods and services by households; an economic activity that represents spending by consumers.