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What Is a Fundamental Principle of Internal Control to Prevent

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What is a fundamental principle of internal control to prevent fraud?

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Definitions:

Thriftiness

The quality of being careful about spending money, prioritizing savings and efficient use of available financial resources.

Attitude

The settled way of thinking or feeling about something, which can significantly influence an individual's behavior and choices.

Routine Problem Solving

A quick decision-making process used for addressing simple or frequently encountered problems.

Habit

A regular behavior or routine that is repeated often and tends to occur subconsciously.

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