ACFE Exam CFE Topic 4 Question 61 Discussion

Actual exam question for ACFE's CFE exam

Question #: 61
Topic #: 4

[All CFE Questions]

A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.

AConflict of interest

BIllegal sale

CUnauthorized purchase

DFinancial disclosure

Show Suggested Answer

Suggested Answer: A

by Ngoc at Aug 22, 2024, 03:31 PM

Limited Time Offer

25%

Off

Get Premium CFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Agustin

9 months ago

Ooh, this is a tough one. But I'd have to go with A. Wouldn't want to end up in hot water, that's for sure!

upvoted 0 times

...

Rolland

9 months ago

A conflict of interest, for sure. Gotta keep those personal interests out of the business, am I right?

upvoted 0 times

Tegan

8 months ago

Absolutely, it's crucial for maintaining trust and credibility in the workplace.

upvoted 0 times

...

Barney

8 months ago

I agree, it's important to be transparent and avoid any conflicts of interest.

upvoted 0 times

...

Gilberto

9 months ago

Yes, definitely. It can really impact the organization's integrity.

upvoted 0 times

...

Barabara

9 months ago

I believe it's A) Conflict of interest too, it's important to disclose any potential conflicts to avoid ethical issues.

upvoted 0 times

...

Gary

9 months ago

I agree with Deandrea, a conflict of interest can harm the organization's integrity.

upvoted 0 times

...

Dannie

9 months ago

Hmm, this one's tricky. I'm going with A, but I hope I don't have any of those at my workplace!

upvoted 0 times

Elza

8 months ago

Definitely, transparency is key in the workplace.

upvoted 0 times

...

Matthew

8 months ago

I agree, it's important to be aware of potential conflicts of interest.

upvoted 0 times

...

Mireya

8 months ago

Yeah, that makes sense. It can be tricky to navigate.

upvoted 0 times

...

Yuriko

8 months ago

I think it's A) Conflict of interest.

upvoted 0 times

...

Jessenia

10 months ago

Definitely a conflict of interest! You can't have your cake and eat it too, you know?

upvoted 0 times

Tanja

9 months ago

No, it's not about illegal sales. It's about conflicts of interest.

upvoted 0 times

...

Daniel

9 months ago

B) Illegal sale

upvoted 0 times

...

Lenora

9 months ago

Exactly, it's important to disclose any potential conflicts of interest.

upvoted 0 times

...

Mona

9 months ago

A) Conflict of interest

upvoted 0 times

...

Deandrea

10 months ago

I think it's A) Conflict of interest because it involves personal gain.

upvoted 0 times

...

Derick

10 months ago

A) Conflict of interest

upvoted 0 times

...