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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 4 Question 87 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 87
Topic #: 4
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:

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Suggested Answer: D

by Linwood at May 10, 2024, 09:48 PM

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Rosann
3 months ago
No way, misappropriate claims sounds more accurate to me.
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Allene
3 months ago
I thought it was called reliance billing, interesting!
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Franklyn
4 months ago
Wait, are we sure it's not bogus claims?
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Lynda
4 months ago
Totally agree, billing scheme is the right term!
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Taryn
4 months ago
It's definitely called a billing scheme.
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Rosina
4 months ago
I feel like billing scheme is the most common term used for this kind of fraud. I hope that's correct!
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Ocie
5 months ago
Reliance billing sounds familiar, but I can't recall the specifics. It might be a different type of scheme.
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Sarah
5 months ago
I remember practicing a question about bogus claims, but I don't think that's the right term for this scenario.
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Selene
5 months ago
I think this might be related to billing schemes, but I'm not entirely sure.
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Chandra
5 months ago
Okay, I've got this. The key here is identifying the specific term that describes the scheme where companies are tricked into making fraudulent payments. Based on the details provided, I think option B, "Billing scheme", is the correct answer.
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Francesco
5 months ago
Hmm, I'm a little unsure about this one. The question is asking about a specific term, so I'll need to think carefully about which of the options best fits that. I might need to do a quick review of the material to make sure I have the right concept in mind.
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Jeanice
5 months ago
This one seems pretty straightforward. I'm going to go with option B, "Billing scheme", since that seems to best match the description of the fraudulent payments.
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Celestina
5 months ago
I'm a bit confused by this question. The options don't seem to clearly match the description in the prompt. I'll need to re-read the question and think through the different options more carefully before selecting an answer.
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Glynda
5 months ago
Hmm, this looks like a tricky one. I'll need to carefully read through the options and think about the specific steps required to meet the CSAT target.
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Shalon
5 months ago
Shaping, shaping... I'm drawing a blank on the exact definition here. Is it something about using visual cues or self-monitoring techniques? I'll have to guess on this one and hope for the best.
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Georgiana
5 months ago
Okay, I've got this. The three runtimes I can use are Ruby, Python, and PowerShell. I'm familiar with those from my previous work in vRealize Orchestrator, so I feel good about this question.
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Clare
5 months ago
This seems like a straightforward question about the relationship between temperature and corrosion rates in the context of CUI. I'll think through the key factors and try to logically deduce the answer.
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Serina
5 months ago
Okay, let me see... The question is asking if the Service Statelessness principle is focused on the design of the service contract. I'm a bit unsure about this, but I'll try to reason it through.
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Dean
10 months ago
Ooh, 'Reliance billing'? Sounds like they're trying to get me to rely on their shady practices. No thanks, I'll pass on that one.
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Latrice
8 months ago
User 4: Stick to legitimate practices to avoid getting scammed.
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Octavio
8 months ago
User 3: Definitely a red flag, better to stay away from it.
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Wilbert
8 months ago
User 2: I agree, I wouldn't trust that scheme.
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Joaquin
9 months ago
User 1: Yeah, 'Reliance billing' does sound sketchy.
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Jacklyn
10 months ago
Bogus claims? Sounds like something straight out of a bad crime novel. Gotta go with B, the boring but accurate 'billing scheme'.
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Kenneth
8 months ago
'Misappropriate claims' sounds too formal, 'billing scheme' is more practical.
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Rebbecca
9 months ago
I think 'bogus claims' is too obvious, 'billing scheme' seems more sneaky.
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Colette
9 months ago
I agree, 'billing scheme' sounds like the most accurate option.
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Ettie
10 months ago
Misappropriate claims? That's a fancy way of saying 'stealing', isn't it? I'll stick with the classic 'billing scheme' for my answer.
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Franklyn
9 months ago
I'll go with 'billing scheme' too, it's a common term for this type of fraud.
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Lorrie
9 months ago
I agree, 'billing scheme' is a classic term for this type of fraud.
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Ernie
9 months ago
I think 'misappropriate claims' does sound fancy, but it basically means stealing.
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Daisy
10 months ago
Reliance billing? More like 'Deceit billing' if you ask me. Definitely going with B on this one.
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Lilli
10 months ago
I'm not sure, but I think it might be Bogus claims. What do you think?
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Kristel
10 months ago
I think it's definitely a Billing scheme. Let's go with B.
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Tayna
10 months ago
I agree, 'Deceit billing' sounds more accurate. I'm also going with B.
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Quiana
11 months ago
I'm not sure, but I think it could also be A) Bogus claims.
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Sarah
11 months ago
This billing scheme sounds like a really slick way to scam companies. I bet the perpetrators think they're real geniuses pulling this off.
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Nelida
10 months ago
I can't believe how elaborate some of these schemes can be.
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Graham
10 months ago
C) Reliance billing
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Catarina
10 months ago
It's definitely a sneaky way to steal money.
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Venita
10 months ago
B) Billing scheme
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Stefany
11 months ago
Yeah, they probably feel pretty clever tricking companies like that.
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Andrew
11 months ago
A) Bogus claims
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Graciela
11 months ago
I agree with Virgie, because it makes sense that it involves fraudulent payments.
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Virgie
11 months ago
I think the answer is B) Billing scheme.
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