The Incentive Element of the Fraud Triangle Relates to an Employee's

question 84

True/False

The incentive element of the fraud triangle relates to an employee's means of committing fraud such as weaknesses in internal control.

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Definitions:

Economic Competition

The rivalry among companies in the marketplace for the consumer's preference in order to maximize sales, profits, and market share.

Vested Interests

Parties with a strong existing interest in maintaining or influencing a particular condition or set of policies for personal or economic gain.

Patriarchy

In this system, males are the primary holders of power, leading in government, moral leadership, enjoying societal benefits, and owning property.

Bureaucratic Organization

A form of organization structured hierarchically, governed by formal rules and regulations, and characterized by specialized roles and impartiality of its members.