Advertisement and Fraud
Part 1: Advertisements
Offer
One of the advertisements that were posted in my mail, which served as an offer, is that by Apple Company. The firm, on releasing the new iPhone X, sent me an email that stated: “For every purchase of iPhone X, we give you a free laptop bag and earphones, all goes at USD 150. This advertisement served as an offer because there are various conditions that make it qualify to be an offer. The main condition is that one must purchase the phone for him to be given a gift package.
Preliminary negotiation
On the other hand, there is also a catalog that I received covering adverts regarding preliminary negotiation. This catalog comprised of properties that were up for grabs from people who had defaulted paying their loans. One of these adverts was about a building that was being sold from $200,000, with the conditions being that the successful bidder will go with the property. In this case, there is preliminary negotiation as the property covered does not have a set maximum price. Anyone giving the highest offer will get it.
Part 2 Fraud
The four elements that are recipe for fraud include motive, opportunity, incentive, and rationalization, or attitude. These elements apply to everyday business in various ways. For instance, when it comes to motive, this may be triggered by the desire to attain self-interest. On the other hand, for the case of opportunity, this leans to the strictness of the available legal procedures. Besides that, when it comes to incentive, this has to deal with poor remuneration, and lastly, attitude, and this is dependent on the individual perception of the vice. Conversely, the condition that makes fraud more likely to happen is that of poor remuneration. For fraud not to happen, organizations should ensure that the employees are well remunerated.