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ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 2 Question 84 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 84
Topic #: 2
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Most of the shell company schemes involve the purchase of goods rather than services.

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Suggested Answer: B

by Carmela at Apr 14, 2024, 12:36 PM

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Tanja
5 months ago
I think it depends on the specific scheme, both goods and services can be exploited in different ways.
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Jonell
5 months ago
That's a good point, I can see how goods would be more tempting for fraud.
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Delisa
5 months ago
I agree with the physical evidence of goods makes them a more common choice for shell company schemes.
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Benton
5 months ago
But services are harder to track compared to physical goods.
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Jonell
5 months ago
I disagree, I think services can be just as easily manipulated.
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Benton
6 months ago
I think that's true. Goods are easier to fake invoices for.
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Jovita
6 months ago
I agree with Rozella, goods are more tangible and easier to manipulate in schemes.
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Cathrine
6 months ago
I see both sides, but I think it depends on the specific scheme being used.
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Sommer
6 months ago
I disagree, I believe it's false because services can also be used to create fake transactions.
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Rozella
7 months ago
I think it's true, because goods can be easier to fake invoices for.
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Derick
7 months ago
I'm leaning towards True on this one. While shell companies can be used for all kinds of shady stuff, I'd imagine the majority of their activities still involve the purchase and sale of physical goods. Services are a bit trickier to obscure, you know?
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Hubert
7 months ago
Haha, Tyra, that's a good one! But seriously, I think the answer is False. Shell companies are too flexible to limit them to just goods purchases.
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Tyra
7 months ago
You know, I heard about this one shell company that was just a guy in his basement selling paperclips. Talk about goods over services, am I right? *chuckles*
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Dalene
7 months ago
I agree with Delisa. Shell companies are versatile tools for all sorts of illicit activities, not just goods transactions. The question seems a bit oversimplified.
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Delisa
7 months ago
I think the answer is False. From what I know, shell companies can be used to facilitate all kinds of transactions, not just the purchase of goods. Services like money laundering or tax evasion are also common schemes.
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Santos
5 months ago
True
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Shalon
6 months ago
False
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Yoko
8 months ago
Hmm, this is an interesting question. I wonder if the correct answer is True or False. I've heard about shell companies being used for all sorts of shady business, but I'm not sure if they specifically focus on goods over services.
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