Archive for May 2017

Which of the following is an example of referent power?

Naim 23:48

Which of the following is an example of referent power?



a. Fear that you may lose your job.
b. Your friend asks you to do a special favor for him or her.
c. The offer of a job promotion.
d. Your teacher asks you to do an assignment





Answer: B

Which of the following is an example of legitimate power?

Naim 23:47

Which of the following is an example of legitimate power? 





a. The offer of valuable stock options.
b. A decision to participate in fraud based upon fear.
c. Your boss tells you to do something.
d. You do something because your colleague is more knowledgeable than you are in that particular subject matter.





Answer: C

Which of the following is not a control activity (procedure)?

Naim 23:46

Which of the following is not a control activity (procedure)?



a. System of authorizations.
b. Appropriate hiring procedures.
c. Independent checks.
d. Documents and records.
e. All of the above are control activities.






Answer: B

Which of the following is not a primary control procedure?

Naim 23:45

Which of the following is not a primary control procedure?



a. Use of documents and records to create an audit trail.
b. Independent checks.
c. Decreasing work-related pressure.
d. Physical safeguards.






Answer: C

Opportunity involves:

Naim 23:44

Opportunity involves:




a. Opportunity to conceal fraud.
b. Opportunity to avoid being punished for fraud.
c. Opportunity to commit fraud.
d. All of the above.
e. None of the above.





Answer: D

Which of the following is a common perceived pressure?

Naim 23:43

Which of the following is a common perceived pressure?



a. The ability to outsmart others.
b. Opportunity to cheat others.
c. A financial need.
d. The ability to "borrow" money by committing fraud.





Answer: C

Fraud perpetrators:

Naim 23:43

Fraud perpetrators:



a. Look like other criminals.
b. Have profiles that look like most honest people.
c. Are usually very young.
d. Are none of the above.




Answer: B

Each of these statements is true about the net worth method for determining embezzled amounts except:

Naim 23:40

Each of these statements is true about the net worth method for determining embezzled amounts except: 



A. The net worth method generally understates amounts stolen.
B. Much of the information necessary for determining an individual's assets, liabilities, living expenses, and income is available through public searches.
C. Courts are generally suspicious of dollar amounts determined by the net worth method because courts realize that the net worth method can only provide approximations of the amount stolen.
D. The net worth method is useful for obtaining confessions from suspects during interviews or interrogations.






Answer: C

Each of these agencies is correctly matched with the type of information the agency provides except:

Naim 23:40

Each of these agencies is correctly matched with the type of information the agency provides except: 




A. Department of Justice: Maintains records relating to the detection, prosecution, and rehabilitation of offenders
B. The Secret Service: Deals with counterfeiting, theft of government checks, interstate credit card violations, and some computer crimes.
C. State Attorney General: Maintains birth records and information about people's Social Security Numbers
D. Central Intelligence Agency: Investigates security matters outside the United States.
E. Department of Business Regulation: Maintains licensing information about various professionals.






Answer: C

The Gramm-Leach-Bliley Act allows:

Naim 23:40

The Gramm-Leach-Bliley Act allows: 



A. Banks to sell customer information
B. Financial institutions to share information
C. customers to "opt out" and ask that their information not be shared.
D. All of the above






Answer: D

The formula to calculate funds from unknown sources is:

Naim 23:39

The formula to calculate funds from unknown sources is: 



A. Assets-Liabilities-Prior Year's Net Worth+Living Expenses-Funds from Known Sources
B. Assets-Liabilities-Prior Year's Net Worth-Living Expenses-Funds from Unknown Sources
C. Assets-Liabilities-Prior Year's Net Worth+Living Expenses+Funds from Unknown Sources
D. Assets-Liabilities-Prior Year's Net Worth-Living Expenses+Funds from Unknown Sources






Answer: A

The net worth method is a calculation based on a person's:

Naim 23:39

The net worth method is a calculation based on a person's: 



A. Assets, liabilities, equity, and living expenses
B. Assets, liabilities, equity, and income
C. Assets, liabilities, income, and living expenses
D. Assets, income, and living expenses





Answer: C

Which of the following is a possible use of conversion-based investigation techniques?

Naim 23:38

Which of the following is a possible use of conversion-based investigation techniques? 





A. Searching public records to trace purchases of assets and payments of liabilities
B. Attempting to locate previous spouses' bank account records
C. Locating significant amounts of money held by related parties
D. All of the above





Answer: D

Conversion investigations focus on how suspects:

Naim 23:38

Conversion investigations focus on how suspects: 




A. Had opportunities to steal
B. Had motives to commit fraud
C. Spent stolen money
D. Committed the actual theft





Answer: C

The net worth method is effective:

Naim 23:38

The net worth method is effective: 



A. As evidence in court
B. To help obtain a confession
C. To conduct an interview of suspects
D. All of the Above





Answer: D

Which of the following is not true regarding the ACFE.

Naim 01:31

Which of the following is not true regarding the ACFE.



a. It is the largest anti fraud organization in the world.
b. It has roughly 12,000 members throughout the world.
c. The entire organization is dedicated to the prevention of fraud.
d. It is the premier provider of anti fraud training.






Answer: B

Which of the following is required to become a CFE?

Naim 01:30

Which of the following is required to become a CFE?




a. An individual must commit to abide by a strict code of professional conduct and ethics.
b. Be an associate member, in good standing, of the ACFE.
c. Be of high moral character.
d. All of the above.





Answer: D

Which of the following is not an example of vendor fraud?

Naim 01:30

Which of the following is not an example of vendor fraud?




A. A vendor overcharges for a contracting job which it completed on time
B. A vendor bills for services not performed
C. A vendor bills for goods not provided
D. A vendor has much higher prices than its competitors





Answer: D

Which of the following is not an example of employee embezzlement?

Naim 01:29

Which of the following is not an example of employee embezzlement? 



A. Land conservation employees stealing chain saws
B. Checkout cashiers stealing money from the cash register
C. Angry employees vandalizing the building with spray paint
D. Salespeople overcharging for products and pocketing the excess cash






Answer: C

Civil law performs which of the following functions?

Naim 01:29

Civil law performs which of the following functions? 




A. Remedy for violation of private rights
B. Remedy for violations against society as a whole
C. Punishment for guilt "beyond reasonable doubt"
D. Monetary reimbursement for federal charges






Answer: A

Which of the following is not a form of vendor fraud?

Naim 01:29

Which of the following is not a form of vendor fraud? 




A. Overcharge for purchased goods
B. Shipment of inferior goods
C. Non Shipment of goods even though payment is made
D. Not paying for goods purchased





Answer: D

Which of the following is not a fraud type?

Naim 01:29

Which of the following is not a fraud type? 



A. Direct employee embezzlement
B. Indirect employee embezzlement
C. Supervisor fraud
D. Investment scams





Answer: C

Which of the following statements is true?

Naim 01:27

Which of the following statements is true? 



A. Bank robberies are more costly than frauds
B. Fraud is often labeled the fastest growing crime
C. FBI agencies are currently spending approximately 35% of their time on fraudulent activities






Answer: B

Studying fraud will help you to:

Naim 01:27

Studying fraud will help you to: 





A. Learn evidence-gathering skills
B. Avoid high-risk and fraudulent activities
C. Learn valuable interviewing skills
D. All of the above




Answer: D

Future careers in fraud will most likely be:

Naim 01:27

Future careers in fraud will most likely be: 



A. In low demand
B. In about the same demand as now
C. Low paying
D. In higher demand and financially rewarding





Answer: D

Which of the following is not true of civil fraud?

Naim 01:26

Which of the following is not true of civil fraud? 




A. It usually begins when one party files a complaint.
B. The purpose is to compensate for harm done to another
C. It must be heard by 12 jurors
D. Only "the preponderance of the evidence" is needed for the plaintiff to be successful.





Answer: C

Investment scams most often include:

Naim 01:26

Investment scams most often include: 



A. An action by top management against employees.
B. Worthless investments or assets sold to unsuspecting investors.
C. An overcharge for purchased goods.
D. Nonpayment of invoices for goods purchased by customers.





Answer: B

Corporate employee fraud fighters:

Naim 01:26

Corporate employee fraud fighters: 




A. Work as postal inspectors and law enforcement officials.
B. Prevent, detect, and investigate fraud within a company.
C. Are lawyers the defend and/or prosecute fraud cases.
D. None of the above.





Answer: B

"The use of one's occupation for persona enrichment through the deliberate misuse or misapplication of the employing organization's resources or assets" is the definition of which of the following types of fraud?

Naim 01:26

"The use of one's occupation for persona enrichment through the deliberate misuse or misapplication of the employing organization's resources or assets" is the definition of which of the following types of fraud? 




A. Employee embezzlement or occupational fraud
B. Investment scams
C. Management fraud
D. Vendor fraud





Answer: A

People who commit fraud are usually:

Naim 01:26

People who commit fraud are usually: 



A. New employees
B. Not well groomed and have long hair and tattoos.
C. People with strong personalities
D. Trusted individuals



Answer: D

Fraud is considered to be:

Naim 01:25

Fraud is considered to be: 



A. A serious problem that continues to grow.
B. A problem felt by a few individuals, but not by most people.
C. A mild problem that most businesses need not worry about.
D. A problem under control.




Answer: A

Why does fraud seem to be increasing at such an alarming rate?

Naim 01:25

Why does fraud seem to be increasing at such an alarming rate? 




A. Computers, the Internet, and technology make fraud easier to commit and cover up.
B. Most frauds today are detected, whereas in the past many were not.
C. A new law requires that fraud be reported within 24 hours.
D. People understand the consequences of fraud to organizations and businesses.





Answer: A
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