To help define the nature of such an event, the concept of a "fraud triangle" contains the three intersecting conditions that must exist for fraud to occur. This can also be applied to all types of ethical dilemmas in business.

a. Pick a scandal or other significant ethical dilemma and apply the Fraud Triangle to it. How did the three conditions exist for this event to occur?

b. How can we prevent such events from occurring? In other words, is there anything we can do to limit the conditions within the Fraud Triangle from occurring together?