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What Are the Three Actions Management Should Take to Prevent

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What are the three actions management should take to prevent, deter, and detect fraud?


Definitions:

Nomothetic Approach

A research approach that aims to discover general laws and principles by studying large groups of people and emphasizing statistical averages.

Personality

The mix of traits and qualities that create a person’s unique personality.

Parsimonious

Describes explanations or theories that are simple and based on the fewest necessary assumptions, often preferred in scientific research for their efficiency and elegance.

Freud's Theory

Refers to the psychoanalytic theory developed by Sigmund Freud, which emphasizes unconscious processes, childhood experiences, and sexual and aggressive drives in shaping personality.

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