Final answer:
Misappropriation or theft is not a part of the fraud triangle, which includes incentive or pressure, opportunity, and attitude or rationalization as its elements.
Step-by-step explanation:
The component that is not part of the fraud triangle is c. misappropriation or theft. The fraud triangle, a model for explaining the factors that cause someone to commit fraud, consists of three elements: incentive or pressure, which are the motivations for committing fraud; opportunity, which is the situation that makes the fraud possible; and attitude or rationalization, which is how the individual justifies the fraudulent behavior to themselves. Misappropriation or theft is an outcome or type of fraud, not a risk factor that could contribute to someone committing fraud