Free Access ACFE.CFE.v2024-05-20.q124 Practice Test (Page 17)

When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:

A.Presolicitation scheme

B.Need recognition scheme

C.False sole-source scheme

D.Submission scheme

According to fraud tree, cash has three following schemes:

A.Cash larceny, cash distribution and fraudulent disbursements

B.Skimming, cash larceny and fraudulent disbursements

C.Cash distribution, skimming and fraud analysis

D.Fraud analysis, skimming and cash misappropriations

Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

A.Proper documentation, segregation of duties, independent checks and physical safeguards

B.Proper documentation, segregation of duties, independent checks and inventory control

C.Proper documentation, physical padding, independent checks and physical safeguards

D.prenumbered affiliations, segregation of duties, independent checks and physical safeguards

___________ and __________ are used to increase (or decrease) the equity account.

A.Journal Entries & Debit

B.Journal Entries & transactions

C.Journal Entries & Credit

D.None of all

Which of the following are the classifications for the Corruption?

A.Overbilling, bribery, bid-ridding and illegal gratuities

B.Corruption, bribery, economic extortion, conflicts of interest

C.Bribery, economic extortion, illegal gratuities and conflicts of interest

D.economic extortion, bribery, illegal gratuities and corruption

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