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For Fraud to Occur, Three Things Must Exist

question 117

Essay

For fraud to occur, three things must exist. Identity the three things.


Definitions:

Normative

Relating to principles or rules of right conduct or the distinction between right and wrong; ethical.

Minimum Wage

The lowest legal salary that employers can pay workers, intended to protect workers from unduly low pay.

Positive Economic Statement

An objective statement based on facts and evidence that can be tested and validated, concerning how the economy works.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power.

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