Free CFEX Exam Braindumps (page: 22)

Page 22 of 41

Physical assets including ________and _________are the most commonly misappropriated noncash asset in our study.

  1. Interest & Collusion
  2. Inventory & Equipment
  3. Inventory & Purchase
  4. Sales & Equipment

Answer(s): B



Which of the following is NOT the method for stealing inventory and other assets?

  1. Larceny schemes
  2. Asset requisition and transfer
  3. Purchasing and receiving schemes
  4. Sales & Equipment handling

Answer(s): D



Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.

  1. True
  2. False

Answer(s): A



Which sale occurs when the accomplice of the employee-fraudster "buys" merchandise, but the employee does not ring up the sale, and the accomplice takes the merchandise without making any payment?

  1. Whole sale
  2. Fake sale
  3. Fraudster sale
  4. Preliminary sale

Answer(s): B



Page 22 of 41



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Boopathy commented on August 17, 2023
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Boopathy commented on August 17, 2023
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Anonymous
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SKS commented on August 26, 2015
Just downloaded and hope it will be helpful for my exam preparations and will update further after completing my exams
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