Practice CFE-Fraud-Prevention-and-Deterrence Exam Online

Question 1

Which one of the following statements is true about radio frequency identification (RFID)?

A : An active RFID tag does not require a power source

B : Normally passive RFID tags store ID numbers

C : A passive RFID tag does not use an antenna

D : RFID tags require laser scanning.

Answer: B

Question 2

An effective system of anti-fraud controls

A : Fully eliminates the risk of fraud

B : Focuses more on detective controls than preventive controls

C : Focuses more on preventive controls than detective controls

D : Increases the perception that fraud will be detected

Answer: C

Question 3

According to ACFE research, which of the following is TRUE regarding the three major categories of occupational fraud?

A : Identity theft is both the most common and costliest category of occupational fraud.

B : Asset misappropriation schemes are the most common category of occupational fraud.

C : Corruption schemes are the costliest category of occupational fraud.

D : Financial statement fraud schemes are the most common category of occupational fraud.

Answer: B

Question 4

Trevino Ltd is a facility management company which is managing 12 high-rise buildings accross the city. Maintenance of those building accounts for a significant part of Trevino's budget. The company often outsource this service to third party providers. Which of the following can assist Trevino in managing the performance of these suppliers?

A : Stock turn rate

B : Just In Time (JIT)

C : Total cost of ownership

D : Service Level Agreement (SLA)

Answer: D

Question 5

Which of the following is NOT a purpose served by a professional organization's code of conduct?

A : It replaces the need for individuals to consult their own conscience.

B : It facilitates practical enforcement and profession-wide Internal discipline.

C : It serves as a reference and benchmark for ethical guidance

D :

It provides more direct solutions to professional ethical dilemmas than might exist under general ethical principles

Answer: A

Name:	Certified Fraud Examiner - Fraud Prevention and Deterrence
Exam Code:	CFE-Fraud-Prevention-and-Deterrence
Certification:	Certified Fraud Examiner
Vendor:	ACFE
Total Questions:	360
Last Updated:	Jan 05, 2026

ACFE CFE-Fraud-Prevention-and-Deterrence Answers