Fraud Is Most Likely to Occur When 2 of the 3

question 128

True/False

Fraud is most likely to occur when 2 of the 3 elements of the fraud triangle are present.

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Definitions:

Graph Drawing

The process of representing data visually using plots and charts to make the information easier to understand.

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.

Market Price

The amount for which something can currently be purchased or sold within a marketplace, reflecting supply and demand conditions.

Squeeze Out Profits

Strategies or actions taken by companies to increase profit margins, often by reducing costs or increasing efficiency, sometimes under competitive pressure.