ACFE CFE-Fraud-Prevention Q&A - in .pdf

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  • Exam Code: CFE-Fraud-Prevention
  • Exam Name: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
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NEW QUESTION: 1
Which three options will result in an error due to incorrect use of grouping operators?
A)

B)

C)

D)

E)

F)

A. Option D
B. Option B
C. Option C
D. Option A
Answer: A

NEW QUESTION: 2
Which tools can you use to create super administrator?
There are 2 correct answers to this question. Choose:
A. Manage permission roles
B. Company Info
C. Manage Role based permission access
D. Provisioning company settings
Answer: C,D

NEW QUESTION: 3
You are the project manager of the NHA Project. This project is expected to last one year with quarterly milestones throughout the year. Your project is supposed to be at the third milestone today, but you are likely to be only 60 percent complete. Your project has a BAC of $745,000 and you have spent $440,000 of the budget-to-date. What is your cost variance for this project?
A. 11,667
B. There is no variance.
C. $-111,750
D. $7,000
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The cost variance is the earned value minus the actual costs. In this project, you have spent less than what the project is worth, so the project has a positive cost variance. Cost variance (CV) is a measure of cost performance on a project. The variance notifies if costs are higher than budgeted or lower than budgeted.
The cost variance is calculated based on the following formula: CV = Earned Value (EV) - Actual Cost (AC) A positive value means that spending is less than budgeted, whereas a negative value indicates that costs are higher than originally planned for the project.
Incorrect Answers:
A: This is the variance at completion for the project.
B: -$111,750 is the cost variance of the project.
C: There is a cost variance, albeit a positive one.

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