ACFE CFE-Law Exam
Certified Fraudiner (CFE) - Law (Page 10 )

Updated On: 7-Feb-2026

Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendors side of the transaction who is not making an illicit payment.

  1. True
  2. False

Answer(s): B



In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?

  1. Bid-rigging
  2. Kickbacks
  3. Competitive bidding
  4. Bid solicitation

Answer(s): C



The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.

  1. True
  2. False

Answer(s): A



Which of the following is NOT the phase of the bidding process?

  1. Presolicitation
  2. Postsolicitation
  3. Solicitation
  4. Submission

Answer(s): B



When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:

  1. Presolicitation scheme
  2. Need recognition scheme
  3. False sole-source scheme
  4. Submission scheme

Answer(s): B



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