The Fraud Triangle Asserts That the Three Factors That Must

question 219

True/False

The fraud triangle asserts that the three factors that must exist for a person to commit fraud are opportunity, pressure, and rationalization.

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Definitions:

Total Costs

The sum of all costs associated with the production of goods or delivery of services, including both fixed and variable costs.

Cost-volume-profit Analysis

A financial management tool that helps in determining the effects of changes in costs and volume on a company's profits.

Fixed

Pertaining to costs or assets that do not fluctuate with changes in production level or business activity.

Variable

An element or factor that can change or vary, often used in contexts such as mathematics, statistics, or scientific experiments.