The Term Special Item Is Defined As

question 15

Multiple Choice

The term special item is defined as:

• A) Frequent and unusual but within management's control.
• B) Unusual or infrequent but within management's control.
• C) Frequent and unusual and not within management's control.
• D) Unusual or infrequent and not within management's control.

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Definitions:

Fraud Triangle

A model explaining the factors that cause someone to commit occupational fraud, consisting of opportunity, pressure, and rationalization.

Rationalization

The process of reorganizing a company to increase efficiency or reduce costs, often involving layoffs and restructuring.

Opportunity

In business, an opportunity refers to a favorable situation or circumstance that can be leveraged for potential growth or profit.

Internal Users

Individuals within an organization who use accounting information for decision-making purposes, such as managers and employees.