ACFE CFE-Financial-Transactions-and-Fraud-Schemes Q&A - in .pdf

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NEW QUESTION: 1
QUESTION NO: 403. First National Bank is a municipal securities dealer. Its municipal securities department is supervised by Mary Watkins, a municipal securities principal. The department has five other employees, including
two municipal securities representatives. Martin Wells, a commercial loan customer of the bank, tells Ms. Watkins he wants to invest in municipal securities and asks for her help. Mr. Wells has never dealt with the municipal securities department of the bank and has never purchased municipal securities. He wants to purchase the securities today. What should Ms. Watkins do?
A. Refer him to a municipal securities representative
B. Help him make the purchase but avoid making any recommendations or comments about the advisability of the transaction
C. Determine what he would like to buy and help him buy it
D. Help him make the purchase only if she can be assured the transaction meets the MSRB suitability requirements
Answer: D

NEW QUESTION: 2
Northern Trail Outfitters (NTO) wants to boost the importance of its sales stages and their role in NTO's sales methodology; they also want to enhance the precision of their sales forecast. How should the steps in the sales process be mapped so NTO's requirements are met?
A. Map opportunity stages to forecast categories; assign accurate probability to each stage.
B. Map appropriate sales stage to opportunity stage; assign accurate forecast probability
C. Map sales probability values to forecast categories; assign sales stages accurate percentages
D. Map forecast probability to opportunity probability; assign appropriate sales stage
Answer: A

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You are qualifying a customer for the Aruba wireless portfolio. Which question can help you identify the customer's unique pain points?
A. "Do your data center applications experience poor performance because they cannot access stored data quickly enough?"
B. "Do you have disaster recovery plan for quickly restoring your mission critical data?"
C. "How often do you experience slow or poor connectivity with your Wi-Fi?"
D. "How many wireless access points (Aps) can you afford?"
Answer: C

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