response assignment 16
Instructions: For response 1, respond thoughtfully. Just saying “I agree” or “I disagree” does not constitute a thoughtful response. They need to be substantive to promote further discussion, new ideas, or questions and are approximately 75-100 words (1 paragraph) in length. Short comments, such as “Good point,†information not applicable to the historical context of the assigned topic, and non-topic personal interactions do not apply.
1. What four elements make for the perfect recipe for fraud?
The four elements mentioned that make for the perfect for fraud are Incentive, Opportunity, and Attitude/Rationalization.
2. How do they apply to everyday business?
They apply to everyday business because it is most likely to occur in accounting, customer service, sales or purchasing, etc. All of these are found in everyday businesses because of things such as economic turndowns which have happened in the past. Oftentimes businesses are struggling and when there’s not much else to do they end up resorting to fraud as a means to save their business.
3. What conditions make fraud more likely to happen? Any thoughts or suggestions on how to prevent fraud from happening? (For full credit on this assignment, please opine to at least one of your classmates’ responses to this 3rd question only. )
The conditions that make fraud more likely are economic downfalls, oftentimes businesses hit rough patches and unfortunately their business don’t make the amount of money necessary to keep them afloat. The people who feel this pressure are those who run the business, oftentimes they are put under pressure to reach certain numbers and to do this they resort to fraud. Another condition that makes fraud more likely to happen is giving one person more power than others. I think a possible way to prevent fraud is to constantly check bank accounts and to stay informed as to how the company is doing. Although keeping businesses afloat is important, people who work for these businesses shouldn’t have to be pressured to resort to fraud in order to meet the quote that those above them expect.
