An Employee in Charge of the Customer Service Help Line

question 12

Multiple Choice

An employee in charge of the customer service help line needs urgently some extra cash for paying his son's hospital bills.Using the fraud triangle, this situation likely constitutes:

• A)Motive
• B)Rationalization
• C)Opportunity
• D)(a)and (b)
• E)(a)and (c)

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Definitions:

Long-run Equilibrium

A state in which all factors of production and inputs in a market are fully adjusted to the market conditions, allowing for steady-state operation without excess supply or demand.

Perfectly Competitive

A market structure characterized by a large number of small firms, homogeneous products, and no barriers to entry or exit.

Price

The capital needed to purchase a particular good or service.

Long-run Equilibrium

A state in which market supply and demand balance over time, leading to stable prices and full utilization of resources.