[2022] Easy To Download CFE-Financial-Transactions-and-Fraud-Schemes Actual Exam Dumps Resources [Q16-Q31]

Q16. Blue sold $1,000 worth of merchandise and collected the payment from her customer in currency, but she only recorded the sale of $800 worth of merchandise. Blue turned $800 over to her employer and kept the remaining
$200. Blue’s scheme is BEST classified as:

Q17. Larceny by Fraud or deception means that:

Q18. Which of the following situations MOST LIKELY constitutes health care fraud committed by an insurance company?

Q19. Delivery has not occurred or services have not been rendered when:

Q20. __________ inventory and other assets is relatively common way for fraudsters to remove assets from the books before or after they are stolen.

Q21. To detect health care provider fraud, a fraud examiner should be alert for which of the following red flags?

Q22. _________ assumes the business will go on indefinitely in the future.

Q23. Bid-rigging scheme occurs when:

Q24. One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.

Q25. In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?

Q26. Which of the following is a method for gaining unauthorized access to a computer system whereby the attacker deceives victims into disclosing personal information or convinces them to commit acts that facilitate the attacker’s intended scheme?

Q27. When an employee processes a fictitious refund of goods, the victim company’s inventory is overstated.

Q28. “Anticipate possible losses and omit potential profits”, this results in:

Q29. Geoffrey, a homeowner, has decided to add a patio to the back of his house. Geoffrey hires a contractor who insists on receiving payment up front so that he can pay for the materials required to complete the construction.
The following week, Geoffrey is surprised to learn that the contractor has not arrived and is not answering his phone calls. Geoffrey has MOST LIKELY been victimized by which of the following frauds?

Q30. Which of the following would NOT be helpful in the prevention of expense reimbursement schemes?

Q31. When employee committing the fraud removes cash from the register and also the item allegedly being returned is debited back into the inventory, this refers to: