Free Access to ACFE.CFE-Financial-Transactions-and-Fraud-Schemes.v2023-01-29.q93 with Valid Practice Test (Page 9)

Question 36

Which of the following is a common red flag of a bid tailoring scheme?

A.Changes in contract specifications from previous proposals are explained in detail.
B.The procuring entity rebids contracts because fewer than the minimum number of bids are received.
C.Numerous bidders respond to the procuring entity's bid requests.
D.There are unusually broad specifications for the type of goods being procured.

Question 37

Which of the following is NOT a way that dishonest contractors collude to circumvent the competitive bidding process?

A.Agree to stay out of each other's designated markets.
B.Refrain from submitting bids on certain contracts.
C.Use obscure publications to publish bid solicitations.
D.Submit token bids that are not serious attempts to win the contract.

Question 38

All of the following are common ways that a procuring employee might engage in a bid manipulation scheme EXCEPT:

A.Extending bid opening dates without justification
B.Opening bids prematurely
C.Charging for costs that are not allowable
D.Altering bids

Question 39

All of the following methods would be helpful in detecting a skimming scheme EXCEPT:

A.Comparing register totals to the cash count
B.Confirming customers' outstanding account balances
C.Counting the physical inventory
D.Examining journal entries for accounts receivable write-offs

Question 40

Which of the following is a method for gaining unauthorized access to a computer system whereby the attacker deceives victims into disclosing personal information or convinces them to commit acts that facilitate the attacker's intended scheme?

A.Shoulder surfing
B.Spoofing
C.Scavenging
D.Social engineering

Question 36

Question 37

Question 38

Question 39

Question 40

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