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

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  • Exam Name: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam
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NEW QUESTION: 1
The network team has well-established procedures to follow for creating new rules on the firewall. This includes having approval from a manager prior to implementing any new rules. While reviewing the firewall configuration, you notice a recently implemented rule but cannot locate manager approval for it. What would be a good step to have in the procedures for a situation like this?
A. Have the network team document the reason why the rule was implemented without prior manager approval.
B. Monitor all traffic using the firewall rule until a manager can approve it.
C. Immediately roll back the firewall rule until a manager can approve it
D. Do not roll back the firewall rule as the business may be relying upon it, but try to get manager approval as soon as possible.
Answer: C

NEW QUESTION: 2
A company is considering whether to develop an overseas market for its products. The cost of developing the new market is estimated to be $250,000. There is a 70% probability that the development of the new market will succeed and a 30% probability that the development of the new market will fail and no further expenditure will be incurred.
If the market development is successful, the profit from the new market will depend on prevailing exchange rates. There is a 50% chance that exchange rates will be in line with expectations and a profit of $500,000 will be made. There is a 20% chance that exchange rates will be favorable and a profit of $630,000 will be made and a 30% chance that exchange rates will be adverse and a profit of $100,000 will be made.
The profit figures stated are before taking account of the development costs of $250,000.
Use a decision tree to decide whether the company should develop an overseas market for its products.
Select one correct answer.
A. There is 65% chance that the project will fail.
B. The overseas market should be developed.
C. The overseas market should not be developed.
D. There is a chance to make $506 000 profit.
E. There may be a loss of $110 000.
F. There is 70% chance that the project will fail.
Answer: B
Explanation:
Explanation/Reference: https://www.vrelearnonline.com/cima-p1-103-18/

NEW QUESTION: 3
Stock transfer using a stock transport order has the Following advantages compared with a stock transfer without a stock transport order.
Identify two advantages from the following?
There are 2 correct answers to this question.
Response:
A. The display of the process I account
B. The transfer order document
C. Post the material to stock in quality inspection or to blocked stock
D. Transport planning point
E. The goods receipt can be posted directly to consumption.
Answer: C,E

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