ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 6 Question 64 Discussion

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

Question #: 64
Topic #: 6

[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: D

by Jutta at Jan 09, 2023, 05:10 AM

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Billye

10 months ago

True, but it seems like a risky move for an employee.

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Lindsey

10 months ago

Yeah, I've heard of cases like that. It's wild!

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Cristen

10 months ago

Wait, really? Just taking it without hiding it? Sounds too easy.

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Irma

11 months ago

I disagree, larceny usually involves some level of concealment.

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Robt

11 months ago

That's definitely true, larceny is about taking stuff outright.

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Gilbert

11 months ago

I’m pretty sure larceny involves taking something without permission, but I’m confused about whether it has to be hidden in the records or not.

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Noemi

11 months ago

This sounds familiar, but I feel like larceny typically requires intent to permanently deprive the owner, which might not fit here.

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Mireya

11 months ago

I remember a practice question where larceny was defined more broadly, but I’m not entirely sure about this specific wording.

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Dottie

11 months ago

I think larceny usually involves some level of concealment, so I’m leaning towards False.

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Larae

11 months ago

Real-time simulation is an important aspect of MIL testing, so I'll pay close attention to that detail.

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Art

11 months ago

Okay, I think I've got this. The key is to look for DRM objects that can be shared between the Product and Market hierarchies.

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Dean

11 months ago

I'm a bit confused by the wording of the question. I'll need to read through the options carefully to determine which statements are true.

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Kenneth

1 year ago

I'm feeling quite 'larcenous' about this question. B) False, but I'm tempted to just take the answer key instead.

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Lilli

1 year ago

B) False, but I'm tempted to just take the answer key instead.

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Miles

1 year ago

B) False

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Maile

1 year ago

A) True

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Melissia

1 year ago

I'm stealing this question to use on my own exam. B) False, end of story.

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Nilsa

1 year ago

Ha! This question is a real 'steal' from the textbook. Larceny is larceny, no matter how you slice it.

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Novella

1 year ago

B) False, of course. Larceny implies taking something without the owner's consent, regardless of whether it's concealed or not.

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Jill

1 year ago

B) False, of course. Larceny implies taking something without the owner's consent, regardless of whether it's concealed or not.

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Natalie

1 year ago

B) False

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Veronika

1 year ago

A) True

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Erick

1 year ago

Wow, this is a tricky one! I thought larceny always involved some kind of concealment. Guess I need to brush up on my theft terminology.

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Ashleigh

1 year ago

A) True

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Chandra

1 year ago

I always thought the same thing! It's interesting to learn the specifics.

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Anastacia

1 year ago

B) False

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Leota

1 year ago

A) True

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Aleisha

1 year ago

Why do you think it's false?

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Shawnta

1 year ago

I disagree, I believe it's false.

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Aleisha

1 year ago

I think the statement is true.

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