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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 7 Question 78 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 78
Topic #: 7
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:

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Suggested Answer: A

by Rikki at Dec 13, 2023, 04:54 PM

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Precious
5 months ago
It's all about preventing larceny, no doubt!
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Dean
5 months ago
Wait, does that really work? Seems a bit iffy.
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Charlene
5 months ago
Agree, having a manager around really deters theft.
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Lavera
5 months ago
I think it's more about asset misappropriation.
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Precious
6 months ago
Definitely helps with larceny schemes!
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Sanjuana
6 months ago
I’m a bit confused. I thought register disbursement schemes were more about manipulating transactions. Maybe it’s B, but I’m not entirely sure.
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Jeff
6 months ago
This reminds me of a practice question we did about fraud prevention. I think it was about how supervision can deter theft, which makes me think it’s definitely C.
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Yolando
6 months ago
I remember studying asset misappropriation schemes, but I’m not sure if that’s the right fit here. It could be related, but it feels more specific to cash handling.
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Maurine
6 months ago
I think having a manager near the cash register is more about preventing direct theft, so I’m leaning towards option C, the larceny scheme.
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Dong
6 months ago
This one's tricky, but I think the key is focusing on the prevention method mentioned - maintaining a manager or supervisor presence near the cash register. That sounds like it would be most effective in deterring a Larceny scheme, so I'm going to go with C.
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Julio
6 months ago
Okay, let me break this down. The question is asking about a prevention for a specific type of scheme, and the options seem to be different types of fraud or theft. I think I'll go with C - Larceny scheme.
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Stephane
7 months ago
Hmm, I'm not totally sure about this one. I'm debating between B and C, but I'll have to think it through a bit more.
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Wynell
7 months ago
This one seems pretty straightforward. I'm pretty confident the answer is C - Larceny scheme.
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Alpha
7 months ago
I'm a bit confused by this question. The options all seem related to different types of fraud or theft, but I'm not sure which one is the best fit for the prevention method described. I'll have to re-read the question carefully.
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Kristeen
7 months ago
Okay, I've got this. Internal factors are things the project team has control over, like resources, team dynamics, and processes. Legal restrictions and financial considerations seem more like external factors, so I'll go with B for financial considerations.
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Sherell
7 months ago
This question seems straightforward. The Chinese Wall model is designed to prevent conflicts of interest, so that's the obvious choice here.
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Brunilda
7 months ago
Hmm, this looks like a tricky one. I'll need to carefully read through the options and think about the different buffer pool combinations that could be associated with a physical port.
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Daron
7 months ago
The explanation seems clear, but I want to double-check the role selection to make sure I'm granting the appropriate level of access for this user.
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Ayesha
7 months ago
Okay, let me see if I can break this down. NPV is about the present value of future cash flows, while IRR is about the rate of return. I think I've got a handle on it, but I'll double-check my understanding.
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Chau
7 months ago
I remember practicing a similar question, and I picked Awareness too. Was Adoption one of the answers there as well?
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Ahmad
12 months ago
Haha, this question is a real cash cow! I'd say C. Larceny scheme is the way to go. Can't let those sticky-fingered cashiers get away with anything.
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Gerald
10 months ago
D) Register disbursement scheme
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Laquanda
10 months ago
C) Larceny scheme
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Aide
10 months ago
B) Asset misappropriation scheme
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Armanda
10 months ago
A) Fraudulent statement scheme
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Tess
12 months ago
I'm stumped on this one. Maybe D. Register disbursement scheme? Sounds like the right kind of scam to prevent with a watchful manager.
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Reid
11 months ago
D) Register disbursement scheme
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Corazon
11 months ago
C) Larceny scheme
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Linsey
11 months ago
B) Asset misappropriation scheme
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Terry
11 months ago
A) Fraudulent statement scheme
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Thora
1 year ago
I'm going with B. Asset misappropriation scheme. Keeping an eye on the cash register is a great way to prevent employees from skimming off the top.
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Roselle
1 year ago
Definitely C. Larceny scheme. Keeping a manager nearby is a classic way to deter cashiers from stealing cash from the register.
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Tamra
11 months ago
Definitely C. Larceny scheme. Keeping a manager nearby is a classic way to deter cashiers from stealing cash from the register.
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Anglea
11 months ago
D) Register disbursement scheme
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Valentin
11 months ago
C) Larceny scheme
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Mammie
11 months ago
B) Asset misappropriation scheme
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Larue
11 months ago
A) Fraudulent statement scheme
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Florinda
11 months ago
C) Larceny scheme
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Layla
11 months ago
I agree, having a manager nearby can prevent cashiers from stealing cash.
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Hollis
11 months ago
D) Register disbursement scheme
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Eric
12 months ago
C) Larceny scheme
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Dana
12 months ago
B) Asset misappropriation scheme
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Cletus
12 months ago
A) Fraudulent statement scheme
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Antione
1 year ago
But what about fraudulent statement schemes? Would it be effective for those too?
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Leah
1 year ago
I agree, it can also deter register disbursement schemes.
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Lenora
1 year ago
I think having a manager nearby can prevent larceny.
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