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

5 months ago

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

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Lindsey

6 months ago

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

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Cristen

6 months ago

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

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Irma

6 months ago

I disagree, larceny usually involves some level of concealment.

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Robt

6 months ago

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

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Gilbert

6 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

6 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

6 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

7 months ago

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

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Larae

7 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

7 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

7 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

11 months 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

10 months ago

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

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Miles

10 months ago

B) False

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Maile

10 months ago

A) True

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Melissia

11 months ago

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

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Nilsa

11 months 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

11 months 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

9 months 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

10 months ago

B) False

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Veronika

10 months ago

A) True

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Erick

12 months 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

10 months ago

A) True

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Chandra

10 months ago

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

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Anastacia

10 months ago

B) False

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Leota

10 months 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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