Which of the Following Is Not Considered One of the Three

question 27

Multiple Choice

Which of the following is not considered one of the three factors that increase the probability of fraud?

• A)Motive.
• B)Lack of training.
• C)Opportunity.
• D)Lack of integrity.

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Definitions:

Note Issuance

The process of creating and distributing a promissory note, which is a financial instrument indicating a promise to pay.

Interest Expense

The financial burden on an entity for using loans or credit over a certain period.

Discount Rate

The interest rate used to discount future cash flows to their present value, often used in investment appraisal.

Quick Ratio

A liquidity ratio that measures a company's ability to meet its short-term obligations with its most liquid assets, excluding inventories.