FRAUD EXAMINATION FINAL PAPER
SOLVED QUESTIONS FULL SOLUTION
◉ Why does fraud seem ti be increasing at such an alarming rate?
a. Computers, the Internet, and technology make fraud easier to
commit.
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.
Answer: a. Computers, the Internet, and technology make fraud
easier to commit.
◉ Which of the following is NOT an important element of fraud?
a. Confidence
b. Deception
c. Trickery
d. Intelligence Answer: d. Intelligence
◉ Fraud is considered to be:
a. A serious problem that continues to grow
b. A problem that affects very few individuals
,c. A mild problem that most businesses need not worry about
d. A problem under control. Answer: a. A serious problem that
continues to grow
◉ 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. Trusted individuals
◉ "The use of one's occupation for personal 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. Employee embezzlement or occupational
fraud
◉ 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 who defend and/or prosecute fraud cases
d. None of the above Answer: b. Prevent, detect, and investigate
fraud within a company
◉ 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. Worthless investments or assets sold to unsuspecting
investors
◉ Which of the following is NOT true of civil litigation?
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. It must be heard by 12 jurors
◉ Future careers in fraud will most likely be:
a. in low demand
b. in miderate demand
c. low paying
SOLVED QUESTIONS FULL SOLUTION
◉ Why does fraud seem ti be increasing at such an alarming rate?
a. Computers, the Internet, and technology make fraud easier to
commit.
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.
Answer: a. Computers, the Internet, and technology make fraud
easier to commit.
◉ Which of the following is NOT an important element of fraud?
a. Confidence
b. Deception
c. Trickery
d. Intelligence Answer: d. Intelligence
◉ Fraud is considered to be:
a. A serious problem that continues to grow
b. A problem that affects very few individuals
,c. A mild problem that most businesses need not worry about
d. A problem under control. Answer: a. A serious problem that
continues to grow
◉ 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. Trusted individuals
◉ "The use of one's occupation for personal 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. Employee embezzlement or occupational
fraud
◉ 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 who defend and/or prosecute fraud cases
d. None of the above Answer: b. Prevent, detect, and investigate
fraud within a company
◉ 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. Worthless investments or assets sold to unsuspecting
investors
◉ Which of the following is NOT true of civil litigation?
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. It must be heard by 12 jurors
◉ Future careers in fraud will most likely be:
a. in low demand
b. in miderate demand
c. low paying
