One key element of skimming is that cash is taken:

One key element of skimming is that cash is taken: 

A. Directly from the cash register
B. When no one is watching
C. By someone who does not ordinarily have cash-handling responsibilities
D. Prior to its entry into an accounting system

Answer: D

"Putting someone on the payroll who does not actually work for the victim company" is an example of a(n):

"Putting someone on the payroll who does not actually work for the victim company" is an example of a(n): 

A. Expense scheme
B. Payroll scheme
C. Register disbursement scheme
D. Commission scheme

Answer: B

Which of the following is not one of the ACFE's types of fraudulent disbursement?

Which of the following is not one of the ACFE's types of fraudulent disbursement? 

A. Check-tampering schemes
B. Skimming disbursement schemes
C. Expense schemes
D. Register disbursement schemes

Answer: B

Which of the following is not true of billing schemes?

Which of the following is not true of billing schemes? 

A. The perpetrator takes physical possession of his/her employer's cash
B. The perpetrator often sets up a "dummy" company
C. It is one of the most commonly committed disbursement schemes
D. It usually involves dealing with the victim organization's purchasing department

Answer: A

Which of the following is not considered a misappropriation of assets?

Which of the following is not considered a misappropriation of assets? 

A. Payroll disbursement schemes
B. Kickbacks
C. Expense schemes
D. Skimming

Answer: B

Which of the following results in the highest loss per case?

Which of the following results in the highest loss per case? 

A. Expense tampering
B. Payroll schemes
C. Register disbursement schemes
D. Billing schemes

Answer: D

Which of the following types of disbursement fraud occurs least frequently?

Which of the following types of disbursement fraud occurs least frequently? 

A. Expense tampering
B. Payroll schemes
C. Register disbursement schemes
D. Billing schemes

Answer: C

Which of the following is a major difference between larceny and skimming?

Which of the following is a major difference between larceny and skimming? 

A. Larceny is committed before the cash is entered into the accounting system, while skimming is committed after the cash is entered into the system
B. Larceny is committed after the cash is entered into the accounting system, while skimming is committed before the cash is entered into the system
C. Larceny involves fraudulent disbursements of cash, while skimming involves fraudulent receipts of cash
D. Larceny involves fraudulent receipts of cash, while skimming involves fraudulent disbursements of cash

Answer: B

The most affected party in a workers' compensation fraud case is which of the following?

The most affected party in a workers' compensation fraud case is which of the following? 

A. Employer
B. Employer's insurance carrier
C. Other employees
D. Government

Answer: B

Which of the following is not one of the most common billing schemes?

Which of the following is not one of the most common billing schemes? 

A. Setting up dummy companies to submit invoices to the victim organization
B. Changing the quantity or price on an invoice to favor a customer
C. Altering or double-paying non accomplice vendor's statements
D. Making personal purchases with company funds

Answer: B

Out of all the types of frauds discussed in this chapter, which type is perpetrated least often?

Out of all the types of frauds discussed in this chapter, which type is perpetrated least often?

A. Skimming schemes
B. Larceny
C. Check schemes
D. Payroll

Answer: B

What are the three major classes of asset misappropriation?

What are the three major classes of asset misappropriation? 

A. Stealing receipts, purchasing fraud, and disbursement fraud
B. Stealing receipts, stealing money as it comes into a company, and purchasing fraud
C. Stealing receipts, disbursement fraud, and stealing assets on hand
D. Stealing receipts, stealing inventory, and stealing information.

Answer: C

Most frauds against organizations are perpetrated by:

Most frauds against organizations are perpetrated by: 

A. Employees
B. Owners
C. Vendors
D. A collusion of two of the above

Answer: A