________ is the most cost-effective approach to fraud.
A)Detection
B)Lawsuits
C)Prevention
D)Prosecution

Question

Quizplus · Accepted Answer

Prevention is the most cost-effective approach to fraud as it focuses on implementing measures to minimize the likelihood of fraud occurring in the first place. Detection, lawsuits, and prosecution are all reactive measures and can be costly in terms of time, resources, and reputation damage. By preventing fraud through measures such as strong internal controls, employee education and training, and regular audits, organizations can save significant costs in the long run.

________ Is the Most Cost-Effective Approach to Fraud