The Three Main Components of the Fraud Triangle Are

question 139

Multiple Choice

The three main components of the fraud triangle are:

• A)rationalization,opportunity and greed.
• B)opportunity,motive and lack of ethics.
• C)motive,opportunity and rationalization.
• D)none of the above.

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Definitions:

Standard Deviation

An indicator of the degree of spread or variability among a collection of numbers.

Variance

A measure of the dispersion of a set of data points around their mean; shows how much the data vary from the average.

Binomial Distribution

A probability distribution that summarizes the likelihood of a variable to take one of two independent values under a given number of iterations.

Distribution of X

Refers to the way values of the variable X are spread or distributed across possible outcomes, showing the frequency of each value.