The Fraud Triangle Refers To

question 7

Multiple Choice

The Fraud Triangle refers to:

• A) The three acts of accounting deception that led to Enron's downfall
• B) The three alternative causes of fraud in large organizations
• C) The three alternative causes of financial fraud in business enterprises
• D) The three elements that collectively must be present for fraud to occur

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Definitions:

Favorability

The degree to which something is perceived positively or benefits someone.

Dispute

A disagreement, argument, or debate, particularly one that is prolonged or legal in nature.

Neighbor

An individual who lives near or next to another; in broader terms, a person who is part of one's immediate geographical community.

Temporal Discounting

The inclination to prioritize short-term gratification over long-term benefits.