The Fraud Triangle Consists of Three Components (Pressure,opportunity,and Rationalization)

question 25

Multiple Choice

The fraud triangle consists of three components (pressure,opportunity,and rationalization) .Which of the three components are present in most every fraud?

• A)All three factors are usually present when fraud occurs.
• B)Pressure and opportunity
• C)Opportunity and rationalization
• D)Rationalization and pressure

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Definitions:

National Income

The total value of all goods and services produced by a country over a specific period, typically a year, including income from abroad.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Deflation

A sustained decrease in the price level.