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What are the three elements of the fraud triangle? Describe each.
Variable Cost Estimates
Projections of costs that change in relation to the level of production or sales volume.
Facility Expenses
Costs associated with the physical maintenance and operation of a business's buildings and equipment.
Tenant-Days
A measure used in the real estate and hospitality sectors, representing the total number of days that tenants occupy a property.
Budgeting Formulas
Mathematical expressions or guidelines used in the process of preparing budgets to estimate revenues, expenses, and net income.
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