CFE-Financial-Transactions-and-Fraud-Schemes Free Practice Test

According to a survey, in principal perpetrator, males in a majority of cases, accounting for ______ percent of frauds versus ______ percent in which a female was the primary culprit.

1. A. 62 versus 36
2. B. 61 versus 39
3. C. 62 versus 37
4. D. None of the above

Correct Answer: B

Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?

1. A. Voided checks
2. B. Payable checks
3. C. Missing checks
4. D. Duplicate checks

Correct Answer: C

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.

1. A. True
2. B. False

Correct Answer: B

The seller??s price to the buyer is not fixed or determinable when:

1. A. When the price is not contingent on some future events
2. B. The transaction includes an option to exchange the product for others.
3. C. A service or membership fee is not subject predictable cancellation during the contract period.
4. D. Payment terms are not extended for a substantial period.

Correct Answer: B

In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:

1. A. High-resolution sprays
2. B. Holographic safety inks
3. C. Watermark backers
4. D. Chrome coloring

Correct Answer: C