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

Actual exam question for ACFE's Certified Fraud Examiner - Financial Transactions and Fraud Schemes exam

Question #: 84
Topic #: 2

[All Certified Fraud Examiner - Financial Transactions and Fraud Schemes Questions]

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

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

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

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Sommer

1 days ago

I disagree, I believe it's false because services can also be used to create fake transactions.

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Rozella

2 days ago

I think it's true, because goods can be easier to fake invoices for.

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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

26 days 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

27 days 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

28 days 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

1 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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Yoko

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

Contribute your Thoughts:

Sommer

Rozella

Derick

Hubert

Tyra

Dalene

Delisa

Yoko