The Fraud Triangle Has Three Components

question 43

Multiple Choice

The fraud triangle has three components. Which of the components must be present for a fraud to occur?

• A) All factors must be present for fraud to occur.
• B) All factors need not be present.
• C) Fraud can occur if any one of the factors is present.
• D) None of the above

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Definitions:

Performance Feedback

The process of providing information to individuals or groups about their performance effectiveness for the purpose of improving their future performance.

Skill Variety

The degree to which a job requires a range of different activities and skills to carry out the work.

Task Significance

The degree to which a job has a substantial impact on the lives or work of other people, either in the immediate organization or in the external environment.

Growth Potential

refers to the capacity for expansion or advancement, either for an individual, a business, or a product in the market.