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ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 7 Question 101 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 101
Topic #: 7
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

A scheme is classified as a Conflict of interest:

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Suggested Answer: A

by Alpha at Sep 13, 2024, 07:54 PM

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Vilma
2 months ago
The only 'conflict' I'm experiencing is the one between my brain and this question. Maybe I should just 'purchase' the answer off the internet instead.
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Kathryn
2 months ago
Wait, are we talking about a conflict of interest or a conflict of interest rates? I'm so confused, I might just have to 'conflict' out of this exam altogether.
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Carmela
2 months ago
This question is as clear as mud. I'm going to have to go with my gut and say C. Anything involving a purchaser and a vendor is bound to be a conflict, right?
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Daniel
1 months ago
C) when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.
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Mable
1 months ago
B) when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.
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Malcom
1 months ago
A) when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.
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Jarvis
2 months ago
Hmm, I'm not sure. Option D about a dealer having a dealership interest in the vendor doesn't seem to fit the definition of a conflict of interest. I'm going with C.
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Kristofer
1 months ago
Yeah, I also think C is the correct choice here.
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Kayleigh
2 months ago
I think you're right, C makes more sense in this context.
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Shala
2 months ago
I agree, option D doesn't sound right. Option C seems more accurate.
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Kassandra
3 months ago
But doesn't conflict of interest involve ownership or employment interest?
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Gail
3 months ago
I disagree, I believe the answer is C.
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Kathrine
3 months ago
Option B sounds like the right answer to me. A salesman with a vested interest in the vendor they're selling for is a clear conflict of interest situation.
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Leota
3 months ago
I think option C is the correct answer. A purchaser having an ownership or employment interest in the vendor they're purchasing from would definitely be a conflict of interest.
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Irene
2 months ago
D) when a dealer must have some kind of dealership interest in the vendor submitting the stock.
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Cristal
2 months ago
C) when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.
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Hubert
2 months ago
B) when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.
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Penney
3 months ago
A) when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.
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Kassandra
3 months ago
I think the answer is A.
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