Generally, Internal Controls Are Implemented in a Corporation to Help

question 34

Multiple Choice

Generally, internal controls are implemented in a corporation to help prevent which element of the fraud triangle?

• A) Perceived opportunity
• B) Perceived pressure
• C) Rationalization
• D) None of the above

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Definitions:

Real Power

The actual ability or capacity to act, make decisions, and enforce control, often different from the perceived or official authority.

Supreme Court

is the highest court in various countries, responsible for interpreting the constitution and laws, and its decisions serve as precedents in all courts of the nation.

Conflicts

Disagreements or disputes between parties that can range from individual interpersonal issues to large-scale international warfare, often requiring negotiation or intervention for resolution.

Power Sharing

A political arrangement in which different political groups, often in a country with a history of conflict, share control of government positions and responsibilities.