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Name Chapter 1--The Nature of Fraud
Description
Instructions
Multiple Choice 0 points
Question One way that criminal law differs from civil law is that it:
Answer provides remedies for violations of private rights.
must yield a unanimous verdict.
can have a jury of fewer than 12 persons.
allows for various claims in one action.
Multiple Choice 0 points
Question Which of the following is NOT an element of a Ponzi scheme?
Answer Gaining other's confidence.
Promising abnormally high returns.
Collected money is invested in government bonds.
Investment principle is partially used to make payments to previous investors.
Multiple Choice 0 points
Question The following are all elements of Title 26, U.S. Code Section 7201 EXCEPT:
Answer not reporting bribe income may be grounds for being charged with tax evasion.
filing income tax that excludes income from fraud may be considered an improper tax filing.
bribes may be deducted as legitimate business expenses.
failure to report income from fraud may be grounds for being charged with tax evasion.
Multiple Choice 0 points
Question Which one of the following is NOT a characteristic of a criminal proceeding?
Answer Deals with offenses against society.
Consequences include restitution and damage payments.
Jury of 12 individuals.
Only one claim may be heard at a time.
Multiple Choice 0 points
Question Management fraud is often referred to as:
Answer stockholder fraud.
financial statement fraud.
affinity fraud.
investment fraud.
,Multiple Choice 0 points
Question Customer fraud includes all of the following EXCEPT:
Answer Get something for nothing.
Do not pay for goods purchased.
Fraud perpetrated through collusion between buyers and vendors.
Deceive organization into giving them something they should not.
Multiple Choice 0 points
Question Which of the following is a common example of vendor fraud?
Answer Fraud perpetrated through collusion between buyers and vendors.
Fraud perpetrated by buyers acting alone.
The perpetrator physically removes the inventory from the business premises.
A fraud perpetrated through an unintentional mistake.
Multiple Choice 0 points
Question Government agencies such as the FBI, FDIC, IRS, or various health agencies publish fraud statistics from
following observations concerning such statistics is true?
Answer Generally, their statistics are complete.
Such information is rarely used.
They provide only those statistics related to their jurisdiction.
They usually provide a total picture in the areas for which they have responsibility.
Multiple Choice 0 points
Question Which legal code makes the bribing of public officials illegal?
Answer Title 18, U.S. Code Section 201
Title 41, U.S. Code Section 51 to 58
Title 18, U.S. Code Section 1341
Title 18, U.S. Code Section 1344
Multiple Choice 0 points
Question Fraud has a direct dollar for dollar impact on a company's:
Answer Revenues.
Net income.
Profit margin.
Stock price.
Multiple Choice 0 points
Question Which of the following is NOT a primary reason for increased size and number of frauds?
Answer The advent of computers
Complex accounting systems
Increased centralization of businesses
The Internet
, Multiple Choice 0 points
Question Which of the following statements about criminal and civil cases is correct?
Answer The purpose of a criminal case is "to right a wrong", the purpose of civil case is to obtain a remedy.
Jury must have 12 people in civil cases but in criminal cases may consist of fewer than 12 persons.
Both criminal cases and civil cases require a fraud perpetrator to go to jail.
Only one claim at a time in civil cases however in criminal cases, various claims may be joined in one
Multiple Choice 0 points
Question How is the confidence element established in a Ponzi scheme?
Answer By investing in prime bonds.
By issuing notarized certificates.
By paying returns to initial investors.
By returning money to all investors.
Multiple Choice 0 points
Question The most common fraud committed on behalf of an organization is:
Answer Vendor fraud
Employee embezzlement
Fraudulent financial reporting
Customer fraud
Multiple Choice 0 points
Question A company is a victim of a $414 million fraud. At that time its profit margin is 10%. How much additional r
generate in order to recover the effect on net income?
Answer $41.4 million
$414 million
$4.14 billion
$41.4 billion
Multiple Choice 0 points
Question Scammers often use their victim’s ethnic identity to gain their trust and then steal their life savings. This i
Answer vendor fraud.
affinity fraud.
embezzlement.
occupational fraud.
Multiple Choice 0 points
Question The Anti-Kickback Act of 1986 intends to prevent:
Answer bribery, by punishing perpetrators with up to 15 years in prison.
any scheme to defraud federally insured financial institutions.
the giving or receiving of any thing of value by a subcontractor to a prime contractor.
individuals from using insider information to purchase or sell a company's securities.
Multiple Choice 0 points
Question Perpetrators of some fraud schemes often target conspiracy theorists, promising access to the “secret” in
Pool Canvas
Add, modify, and remove questions. Select a question type from the Add Question drop-down list and click Go to add questions. Us
which default options, such as feedback and images, are available for question creation.
Add Creation Settings
Name Chapter 1--The Nature of Fraud
Description
Instructions
Multiple Choice 0 points
Question One way that criminal law differs from civil law is that it:
Answer provides remedies for violations of private rights.
must yield a unanimous verdict.
can have a jury of fewer than 12 persons.
allows for various claims in one action.
Multiple Choice 0 points
Question Which of the following is NOT an element of a Ponzi scheme?
Answer Gaining other's confidence.
Promising abnormally high returns.
Collected money is invested in government bonds.
Investment principle is partially used to make payments to previous investors.
Multiple Choice 0 points
Question The following are all elements of Title 26, U.S. Code Section 7201 EXCEPT:
Answer not reporting bribe income may be grounds for being charged with tax evasion.
filing income tax that excludes income from fraud may be considered an improper tax filing.
bribes may be deducted as legitimate business expenses.
failure to report income from fraud may be grounds for being charged with tax evasion.
Multiple Choice 0 points
Question Which one of the following is NOT a characteristic of a criminal proceeding?
Answer Deals with offenses against society.
Consequences include restitution and damage payments.
Jury of 12 individuals.
Only one claim may be heard at a time.
Multiple Choice 0 points
Question Management fraud is often referred to as:
Answer stockholder fraud.
financial statement fraud.
affinity fraud.
investment fraud.
,Multiple Choice 0 points
Question Customer fraud includes all of the following EXCEPT:
Answer Get something for nothing.
Do not pay for goods purchased.
Fraud perpetrated through collusion between buyers and vendors.
Deceive organization into giving them something they should not.
Multiple Choice 0 points
Question Which of the following is a common example of vendor fraud?
Answer Fraud perpetrated through collusion between buyers and vendors.
Fraud perpetrated by buyers acting alone.
The perpetrator physically removes the inventory from the business premises.
A fraud perpetrated through an unintentional mistake.
Multiple Choice 0 points
Question Government agencies such as the FBI, FDIC, IRS, or various health agencies publish fraud statistics from
following observations concerning such statistics is true?
Answer Generally, their statistics are complete.
Such information is rarely used.
They provide only those statistics related to their jurisdiction.
They usually provide a total picture in the areas for which they have responsibility.
Multiple Choice 0 points
Question Which legal code makes the bribing of public officials illegal?
Answer Title 18, U.S. Code Section 201
Title 41, U.S. Code Section 51 to 58
Title 18, U.S. Code Section 1341
Title 18, U.S. Code Section 1344
Multiple Choice 0 points
Question Fraud has a direct dollar for dollar impact on a company's:
Answer Revenues.
Net income.
Profit margin.
Stock price.
Multiple Choice 0 points
Question Which of the following is NOT a primary reason for increased size and number of frauds?
Answer The advent of computers
Complex accounting systems
Increased centralization of businesses
The Internet
, Multiple Choice 0 points
Question Which of the following statements about criminal and civil cases is correct?
Answer The purpose of a criminal case is "to right a wrong", the purpose of civil case is to obtain a remedy.
Jury must have 12 people in civil cases but in criminal cases may consist of fewer than 12 persons.
Both criminal cases and civil cases require a fraud perpetrator to go to jail.
Only one claim at a time in civil cases however in criminal cases, various claims may be joined in one
Multiple Choice 0 points
Question How is the confidence element established in a Ponzi scheme?
Answer By investing in prime bonds.
By issuing notarized certificates.
By paying returns to initial investors.
By returning money to all investors.
Multiple Choice 0 points
Question The most common fraud committed on behalf of an organization is:
Answer Vendor fraud
Employee embezzlement
Fraudulent financial reporting
Customer fraud
Multiple Choice 0 points
Question A company is a victim of a $414 million fraud. At that time its profit margin is 10%. How much additional r
generate in order to recover the effect on net income?
Answer $41.4 million
$414 million
$4.14 billion
$41.4 billion
Multiple Choice 0 points
Question Scammers often use their victim’s ethnic identity to gain their trust and then steal their life savings. This i
Answer vendor fraud.
affinity fraud.
embezzlement.
occupational fraud.
Multiple Choice 0 points
Question The Anti-Kickback Act of 1986 intends to prevent:
Answer bribery, by punishing perpetrators with up to 15 years in prison.
any scheme to defraud federally insured financial institutions.
the giving or receiving of any thing of value by a subcontractor to a prime contractor.
individuals from using insider information to purchase or sell a company's securities.
Multiple Choice 0 points
Question Perpetrators of some fraud schemes often target conspiracy theorists, promising access to the “secret” in
