Question 1

Which legal code makes the bribing of public officials illegal?

Accepted Answer

A)  Title 18, U.S.Code Section 201
B)  Title 41, U.S.Code Section 51 to 58
C)  Title 18, U.S.Code Section 1341
D)  Title 18, U.S.Code Section 1344

Question 2

​Which of the following statements regarding fraud on behalf of an organization is true?

Accepted Answer

A)  ​Middle management is usually the perpetrator.
B)  ​This type of fraud benefits top executives as it generally increases stock price.
C)  ​This type of fraud includes inflating expenses in order to save of corporate income taxes.
D)  ​Financial statement fraud is common among publically-traded companies who must meet the public's expectations.

Question 3

Which of the following statements is true?

Accepted Answer

A)  Fraud usually results from unintentional errors.
B)  Fraud is more violent and traumatic than robbery.
C)  Fraud always involves deception, confidence and trickery.
D)  Losses from fraud are less than losses from robbery.

Question 4

Which of the following is NOT one of the major types of fraud classification schemes?

Accepted Answer

A)  Employee embezzlement
B)  Government fraud
C)  Investment scams
D)  Customer fraud

Question 5

Which among the following frauds is most likely to be a civil charge?

Accepted Answer

A)  Racketeering
B)  Mail fraud
C)  Defamation
D)  Perjury

Question 6

Which of the following frauds is usually the most expensive?

Accepted Answer

A)  Vendor fraud
B)  Customer fraud
C)  Occupational fraud
D)  Financial statement fraud

Question 7

What is required to prove fraud,as opposed to negligence?

Accepted Answer

A)  Gross error
B)  Intent
C)  Preponderance of the evidence
D)  Confession from the perpetrator

Question 8

Which of the following skills would be least beneficial in a career as a fraud-fighting professional?​

Accepted Answer

A)  ​sales experience
B)  ​auto mechanic
C)  ​data entry clerk
D)  ​journalist

Question 9

The ACFE does NOT include which of the major categories of occupational fraud listed below?

Accepted Answer

A)  asset misappropriations.
B)  corruption.
C)  fraudulent statements.
D)  pension fraud.

Question 10

The GDP in the economy of Ponziland was $5 billion in the year prior to the frauds (year 1) .The economy were growing at 4 percent.Frauds during the year reduce aggregate income by $200 million.During the year,the economy has:

Accepted Answer

A)  shrunk by 1 percent.
B)  grown by only 1 percent.
C)  remained flat.
D)  grown by 4 percent.

Exam 1: The Nature of Fraud

Which among the following frauds is most likely to be a civil charge?

Correct Answer
verified

What is required to prove fraud,as opposed to negligence?

Correct Answer
verified

The ACFE does NOT include which of the major categories of occupational fraud listed below?

Correct Answer
verified

Which of the following frauds is usually the most expensive?

Correct Answer
verified

Which of the following statements is true?

Correct Answer
verified

Which legal code makes the bribing of public officials illegal?

Correct Answer
verified

The GDP in the economy of Ponziland was $5 billion in the year prior to the frauds (year 1) .The economy were growing at 4 percent.Frauds during the year reduce aggregate income by $200 million.During the year,the economy has:

Correct Answer
verified

Which of the following skills would be least beneficial in a career as a fraud-fighting professional?

Correct Answer
verified

Which of the following statements regarding fraud on behalf of an organization is true?

Correct Answer
verified

Which of the following is NOT one of the major types of fraud classification schemes?

Correct Answer
verified

Exam 1: The Nature of Fraud

Which among the following frauds is most likely to be a civil charge?

Correct AnswerverifiedShow Answer

What is required to prove fraud,as opposed to negligence?

Correct AnswerverifiedShow Answer

The ACFE does NOT include which of the major categories of occupational fraud listed below?

Correct AnswerverifiedShow Answer

Which of the following frauds is usually the most expensive?

Correct AnswerverifiedShow Answer

Which of the following statements is true?

Correct AnswerverifiedShow Answer

Which legal code makes the bribing of public officials illegal?

Correct AnswerverifiedShow Answer

The GDP in the economy of Ponziland was $5 billion in the year prior to the frauds (year 1) .The economy were growing at 4 percent.Frauds during the year reduce aggregate income by $200 million.During the year,the economy has:

Correct AnswerverifiedShow Answer

Which of the following skills would be least beneficial in a career as a fraud-fighting professional?​

Correct AnswerverifiedShow Answer

​Which of the following statements regarding fraud on behalf of an organization is true?

Correct AnswerverifiedShow Answer

Which of the following is NOT one of the major types of fraud classification schemes?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Which of the following skills would be least beneficial in a career as a fraud-fighting professional?

Correct Answer
verified

Which of the following statements regarding fraud on behalf of an organization is true?

Correct Answer
verified

Correct Answer
verified