Hints of Where Fraud, Mistakes or Financial Harm Can Occur

question 35

Multiple Choice

Hints of where fraud, mistakes or financial harm can occur in a company is called:

• A) the control environment.
• B) risk assessment.
• C) control procedures.
• D) the tone at the top.

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Definitions:

Separate the People

A conflict resolution strategy focusing on separating personal emotions and perceptions from the objective problem-solving process.

Compromise Bargaining

A negotiation strategy where two parties in conflict concede on certain points to reach an agreement that is acceptable to both.

Distributive Bargaining

A strategy that involves two parties trying to claim a “fixed pie” of resources.

Competitive Bargaining

Competitive bargaining is a negotiation strategy where parties vie for the most advantageous position, often viewing the situation as a zero-sum game where one's gain is another's loss.