ACFE CFE-Law Q&A - in .pdf

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  • Exam Code: CFE-Law
  • Exam Name: Certified Fraud Examiner
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  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
A company in the process of analyzing inventory safety stock levels is having difficulty because demand vanes widely from one week to the next. However, it has been discovered that demand occurs according to a probability distribution. Which of the following is a stochastic model that the company could use in this situation?
A. Markov process.
B. Regression analysis.
C. Critical path network analysis.
D. Linear programming.
Answer: A
Explanation:
A stochastic model is probabilistic. Markov processes quantify the likelihood of a future event based on the current state of the process.

NEW QUESTION: 2
Which issue is identified as a Guardrail violation?
A. A property in a report has not been optimized.
B. A decision tree contains a branch that cannot be reached.
C. An activity writes to the wrong clipboard page.
D. A decision table returns an invalid connector name to a flow.
Answer: A
Explanation:
References:

NEW QUESTION: 3
A financial institution has decided to purchase a very expensive resource management system and has selected the product and vendor. The vendor is experiencing some minor, but public, legal issues. Senior management has some concerns on maintaining this system should the vendor go out of business. Which of the following should the Chief Information Security Officer (CISO) recommend to BEST limit exposure?
A. Include a penalty clause in the contract for this system.
B. Include a source code escrow clause in the contract for this system.
C. Require on-going maintenance as part of the SLA for this system.
D. Require proof-of-insurance by the vendor in the RFP for this system.
Answer: B

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