Fraud Exam 1 (questions and answers)
already passed
It is most often people who are not trusted that commit fraud. - correct
answer ✔✔False
Unintentional errors in financial statements are a form of fraud. -
correct answer ✔✔False
Which one of the following is not a form of vendor fraud? - correct
answer ✔✔Not paying for goods purchased.
A Ponzi scheme is considered to be a type of investment scam. - correct
answer ✔✔True
Corporate employee fraud fighers (best answer from among the
choices): - correct answer ✔✔Prevent, detect, and investigate fraud
within a company.
"Deceptive manipulation of financial statements" describes which kind
of fraud?
Management fraud
,Stock market fraud
Criminal fraud
Bookkeeping fraud - correct answer ✔✔Management fraud
In vendor fraud, customers don't pay for goods purchased - correct
answer ✔✔False
In civil cases, fraud experts are rarely used as expert witnesses. - correct
answer ✔✔False
Fraud losses generally reduce a firm's net income on a dollar-for-dollar
basis. - correct answer ✔✔True
Telemarketing fraud is an example of employee embezzlement. - correct
answer ✔✔False
"The use of one's occupation for personal enrichment through the
deliberate misuse or misapplicationof the employing organization's
resources or assets" is the definition of which of the following types of
fraud? - correct answer ✔✔Employee embezzlement or occupational
fraud.
Perpetrators use trickery, confidence, and deception to commit fraud. -
correct answer ✔✔True
, Which of the following is not true regarding the ACFE?
-It is the largest antifraud organization in the world.
- It is the premier provider of antifraud training.
-It has roughly 12,000 members throughout the world.
-The entire organization is dedicated to the prevention of fraud. -
correct answer ✔✔It has roughly 12,000 members throughout the
world.
All frauds that are detected are made public. - correct answer ✔✔False
Most people agree that fraud-related careers will be in demand in the
future. - correct answer ✔✔True
Why does fraud seem to be increasing at such an alarming rate? -
correct answer ✔✔Computers, the Internet, and technology make
fraud easier to commit and cover up.
Which of the following is not an example of vendor fraud? - correct
answer ✔✔A vendor has much higher prices than its competitors.
Occupational fraud is usually fraud committed on behalf of an
organization. - correct answer ✔✔False
already passed
It is most often people who are not trusted that commit fraud. - correct
answer ✔✔False
Unintentional errors in financial statements are a form of fraud. -
correct answer ✔✔False
Which one of the following is not a form of vendor fraud? - correct
answer ✔✔Not paying for goods purchased.
A Ponzi scheme is considered to be a type of investment scam. - correct
answer ✔✔True
Corporate employee fraud fighers (best answer from among the
choices): - correct answer ✔✔Prevent, detect, and investigate fraud
within a company.
"Deceptive manipulation of financial statements" describes which kind
of fraud?
Management fraud
,Stock market fraud
Criminal fraud
Bookkeeping fraud - correct answer ✔✔Management fraud
In vendor fraud, customers don't pay for goods purchased - correct
answer ✔✔False
In civil cases, fraud experts are rarely used as expert witnesses. - correct
answer ✔✔False
Fraud losses generally reduce a firm's net income on a dollar-for-dollar
basis. - correct answer ✔✔True
Telemarketing fraud is an example of employee embezzlement. - correct
answer ✔✔False
"The use of one's occupation for personal enrichment through the
deliberate misuse or misapplicationof the employing organization's
resources or assets" is the definition of which of the following types of
fraud? - correct answer ✔✔Employee embezzlement or occupational
fraud.
Perpetrators use trickery, confidence, and deception to commit fraud. -
correct answer ✔✔True
, Which of the following is not true regarding the ACFE?
-It is the largest antifraud organization in the world.
- It is the premier provider of antifraud training.
-It has roughly 12,000 members throughout the world.
-The entire organization is dedicated to the prevention of fraud. -
correct answer ✔✔It has roughly 12,000 members throughout the
world.
All frauds that are detected are made public. - correct answer ✔✔False
Most people agree that fraud-related careers will be in demand in the
future. - correct answer ✔✔True
Why does fraud seem to be increasing at such an alarming rate? -
correct answer ✔✔Computers, the Internet, and technology make
fraud easier to commit and cover up.
Which of the following is not an example of vendor fraud? - correct
answer ✔✔A vendor has much higher prices than its competitors.
Occupational fraud is usually fraud committed on behalf of an
organization. - correct answer ✔✔False
