Financial CFEX Exam
Certified Fraud Examiner (CFEX) (Page 4 )

Updated On: 19-Jan-2026

Bid-rigging scheme occurs when:

  1. an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.
  2. an employee does not assist a vendor in winning a contract through the competitive bidding process.
  3. an employee once assists a vendor in winning a contract through a single competitive bidding process.
  4. an employee once assists a vendor in winning a contract through a single competitive bidding process.

Answer(s): A



Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendor's 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



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