Explain the meaning of the fraud triangle and each of its elements.
What will be an ideal response?
The auditing profession has identified three elements that are typically present when fraud occurs. These three elements are often shown in the form of a triangle. The first of these elements is the availability of opportunity without which fraud could not exist. Therefore, opportunity is at the top of the triangle. The second element recognizes pressure as a key ingredient of misconduct. Pressure can come from a variety of sources. The third element is rationalization. Few individuals think of themselves as evil. They develop rationalizations to justify their misconduct.
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Principal is
A. the amount of interest accumulated on a bond. B. the amount of dividends paid each year on a stock. C. the original amount invested in a security. D. the time until a borrowed fund is repaid.
Television ads, public relations, and promotional events are all examples of ________
A) marketing controls B) marketing expenses C) marketing forecasts D) distribution strategies E) market trends
What are the constraints on the name of a limited partnership? How do they influence a limited partner?
What will be an ideal response?
Use the information from Table 8.8. The pizza shop manager is looking for a forecasting approach that will forecast her demand within 0.5 pizzas
If the actual demand for week #7 was 39 pizzas, which of the combination forecasts came closest to predicting this demand? A) simple moving average and weighted moving average forecast B) simple moving average and exponentially smoothed forecast C) weighted moving average and exponentially smoothed forecast pizzas D) week #7 demand of 39 is within 0.5 pizzas for all three of these combination forecasts, and thus all of them are appropriate.