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

Limited Time Offer

25%

Off

Get Premium CFE-Financial-Transactions-and-Fraud-Schemes Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Derick

10 days ago

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?

upvoted 0 times

...

Hubert

12 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.

upvoted 0 times

...

Tyra

13 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*

upvoted 0 times

...

Dalene

14 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.

upvoted 0 times

...

Delisa

16 days 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.

upvoted 0 times

...

Yoko

18 days 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.

upvoted 0 times

...