1. Which element of the fraud triangle do companies have the greatest ability to eliminate? A. Motive, B. Rationalization. C. Opportunity D. Intelligence. 2. Separation of duties refers to: Making each manager personally responsible for his/her department. A. B. Keeping functions across different departments separate. C. Preventing top management and lower-level employees from interacting D. Individuals who have physical responsibility for assets should not also have access to accounting records 3. The act of collusion refers to: A. Top management and lower-level employees working together to share information necessary for effective internal controls. 8. Two or more people acting in coordination to circumvent internal controls C. Management working with an auditor to prevent occupational fraud D. Middle-level managers taking full responsibility for effective internal controls