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

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NEW QUESTION: 1
Does this statement describe the use of the HPE Storage Plug-in for LaMA? It provides migration services for SAP HANA data between different arrays.
A. No
B. Yes
Answer: A

NEW QUESTION: 2
David is the project manager of HRC project. He concluded while HRC project is in process that if he adopts e-commerce, his project can be more fruitful. But he did not engaged in electronic commerce (e- commerce) so that he would escape from risk associated with that line of business. What type of risk response had he adopted?
A. Enhance
B. Acceptance
C. Avoidance
D. Exploit
Answer: C
Explanation:
Explanation/Reference:
Explanation:
As David did not engaged in e-commerce in order to avoid risk, hence he is following risk avoidance strategy.

NEW QUESTION: 3
At the beginning of the year, a club's Membership Subscriptions account showed a debit balance of $500 and a credit balance of $225. During the following year, subscriptions received amounted to $12000.
At the end of the year, subscriptions paid in advance amounted to $200, and subscriptions in arrears, and expected to be collected, amounted to $150.
The amount to be transferred to the income and expenditure account for the year is
Answer:
Explanation:
$11677

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