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:

Many Substitutes

Refers to a situation where numerous alternative products or services are available for consumers, often leading to competitive markets.

Inelastic Demand Curve

A demand curve that shows a small change in quantity demanded despite large changes in price, indicating consumers' necessity or lack of substitutes.

Motor Vehicles

Wheeled vehicles that are motorized or mechanically propelled, used for transportation of people, goods, or both.

Household Electricity

Electrical power supplied to homes, used for operating appliances, lighting, and other domestic purposes.