What Is the Most Prevalent Opportunity Within Most Companies to Commit

question 51

Multiple Choice

What is the most prevalent opportunity within most companies to commit fraud?

• A) lack of any internal controls
• B) failure to enforce the internal controls
• C) loopholes in the design of internal controls
• D) management's failure to believe employees would commit fraud

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Definitions:

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, all of whom have full information and the products are homogeneous, leading to no single buyer or seller being able to influence the market price.

Quantity Of Output

The total amount of goods or services produced by a company, sector, or economy during a specified period.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Total Revenue

The sum total of financial gains a company secures from its commercial transactions or service provisions during a certain interval.