ACFE CFE-Financial-Transactions-and-Fraud-Schemes Quiz:2 Topic:5 Questions:6-10

Free Practice Mock Questions Set 6-10 (Quiz # 2) for ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam, according to official ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes exam syllabus topic # 5

Question: 1

Collusion or bid-rigging between bidders is called

ABribery receipt

BBid solicitation

CTo withdraw low bids

DContract acceptance

Answer : D

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Question: 2

Depreciation is especially applicable when companies try to overvalue their assets and net worth; the lower their depreciation expense, the higher the company's profits.

ATrue

BFalse

Answer : A

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Question: 3

Persuasive evidence of an arrangement does not exist when:

ARevenue and corresponding expenses doesn't match each other.

BNo written or verbal agreement exists.

CTimings not meet properly

DCapitalized expenses and Liabilities will not be up to satisfied level

Answer : B

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Question: 4

''Anticipate possible losses and omit potential profits'', this results in:

AAsymmetrical accounting

BSymmetrical accounting

CPlaying accounting

DBearing accounting

Answer : A

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Question: 5

Collusion or bid-rigging between bidders is called

ABribery receipt

BBid solicitation

CTo withdraw low bids

DContract acceptance

Answer : D

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