ACFE CFE-Financial-Transactions-and-Fraud-Schemes - Certified Fraud Examiner - Financial Transactions and Fraud Schemes Certification Examination Exam

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Question #1 (Topic: demo questions)

In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and

A.
Violation
B.
Isolation
C.
Rationalization
D.
None of the above
Correct Answer: C
Explanation not available for this question.
Question #2 (Topic: demo questions)

Larceny by Fraud or deception means that:

A.
Creates or reinforce a false impression
B.
Fails to correct a false impression
C.
Fails to disclose a known lien, adverse claim or other legal impediment
D.
All of the above
Correct Answer: C
Explanation not available for this question.
Question #3 (Topic: demo questions)

Aperson is said to be in act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:

A.
Fiduciary Capacity
B.
Embezzlement
C.
Conversion
D.
None of the above
Correct Answer: A
Explanation not available for this question.
Question #4 (Topic: demo questions)

Which of the following must be present for a fraud to exist?

A.
Material false statement
B.
Knowledge that the statement was false when it was uttered
C.
Reliance on the fast statement by the victim
D.
All of the above 
Correct Answer: D
Explanation not available for this question.
Question #5 (Topic: demo questions)

one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

A.
 Deceive
B.
Delude
C.
Mislead
D.
Beguile
Correct Answer: D
Explanation not available for this question.
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