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

Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:
A) Fraudulent statement scheme
B) Asset misappropriation scheme
C) Larceny scheme
D) Register disbursement scheme

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
9 months ago
It's all about preventing larceny, no doubt!
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Dean
9 months ago
Wait, does that really work? Seems a bit iffy.
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Charlene
10 months ago
Agree, having a manager around really deters theft.
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Lavera
10 months ago
I think it's more about asset misappropriation.
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Precious
10 months ago
Definitely helps with larceny schemes!
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Sanjuana
10 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
11 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
11 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
11 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
11 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
11 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
11 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
11 months ago
This one seems pretty straightforward. I'm pretty confident the answer is C - Larceny scheme.
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Alpha
11 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
11 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
11 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
11 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
11 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
11 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
11 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
1 year 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
1 year ago
D) Register disbursement scheme
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Laquanda
1 year ago
C) Larceny scheme
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Aide
1 year ago
B) Asset misappropriation scheme
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Armanda
1 year ago
A) Fraudulent statement scheme
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Tess
1 year 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
1 year ago
D) Register disbursement scheme
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Corazon
1 year ago
C) Larceny scheme
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Linsey
1 year ago
B) Asset misappropriation scheme
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Terry
1 year 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
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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Anglea
1 year ago
D) Register disbursement scheme
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Valentin
1 year ago
C) Larceny scheme
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Mammie
1 year ago
B) Asset misappropriation scheme
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Larue
1 year ago
A) Fraudulent statement scheme
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Florinda
1 year ago
C) Larceny scheme
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Layla
1 year ago
I agree, having a manager nearby can prevent cashiers from stealing cash.
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Hollis
1 year ago
D) Register disbursement scheme
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Eric
1 year ago
C) Larceny scheme
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Dana
1 year ago
B) Asset misappropriation scheme
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Cletus
1 year 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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