The Internal Controls of a Business Are Designed to Reduce

question 91

True/False

The internal controls of a business are designed to reduce the probability of occurrence of fraud.

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Definitions:

Ethical Dilemma

A situation where an individual faces a choice between two morally right or conflicting principles where choosing one means compromising the other.

Ethical Absolutism

The belief in universal ethical standards that apply to all cultures and individuals regardless of context or situation.

Situational Ethics

A philosophy that ethical decisions should be made based on the context of a particular situation rather than by following absolute moral rules.

Deontology

A branch of ethics that focuses on the morality of actions based on adherence to defined rules or duties, regardless of the outcomes.