ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Practice Test Instant Access

Question 1

Most of the shell company schemes involve the purchase of goods rather than services.

ATrue

BFalse

Answer : B

Question 2

Most of the shell company schemes involve the purchase of goods rather than services.

ATrue

BFalse

Answer : B

Question 3

Collusion or bid-rigging between bidders is called

ABribery receipt

BBid solicitation

CTo withdraw low bids

DContract acceptance

Answer : D

Question 4

Which of the following is the criterion for bid solicitation?

AContaining false statements

BAllowing the purchaser to discuss possible employment with the contractor

CTo withdraw low bids

DTo falsify the bid log

Answer : B

Question 5

Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.

ATrue

BFalse

Answer : A

Question 6

Which of the following is NOT the reason to bribe employees of the purchaser?

ATo ensure receipt of a late bid

BTo extend the bid opening date

CTo ensure bid-splitting

DTo falsify the bid log

Answer : C

Question 7

The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.

ABid-splitting

BSealed bids

CGeneral purchasing

DTailor specifications

Answer : B

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Practice Test