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ACFE CFE Exam - Topic 4 Question 66 Discussion

A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:
B) Turnaround sale or flip
A) Conflict of interest in sale
C) Unauthorized sale
D) Written sale of unique assets

ACFE CFE Exam - Topic 4 Question 66 Discussion

Actual exam question for ACFE's CFE exam
Question #: 66
Topic #: 4
[All CFE Questions]

A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:

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Suggested Answer: B

by Jennifer at Sep 18, 2024, 07:25 PM

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Isadora
9 months ago
I thought it was called insider trading?
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Erasmo
9 months ago
Wait, is this even legal? Sounds sketchy!
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Daryl
10 months ago
I think it's more of an unauthorized sale situation.
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Dick
10 months ago
Totally agree, that's shady business!
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Mozell
10 months ago
It's definitely a conflict of interest.
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Mendy
10 months ago
I don't think it's "written sale of unique assets" because that sounds more formal. I might lean towards conflict of interest.
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Shelba
11 months ago
I feel like "unauthorized sale" could fit, but it doesn't sound quite right. I need to think more about the definitions.
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Blair
11 months ago
I remember a practice question about employees buying assets before the company, but I can't recall if it was called a turnaround sale or something else.
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Gabriele
11 months ago
I think this might be related to conflict of interest, but I'm not entirely sure if that's the exact term they use.
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Pearline
11 months ago
Conflict of interest, that's the one. Employees using inside information to personally profit at the expense of their employer - that's the classic definition of a conflict of interest situation.
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Willie
11 months ago
Okay, I've got this. The key is that the employees are aware the employer is looking to buy a certain asset, and they take advantage of that information to purchase the asset themselves. That's definitely a conflict of interest.
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Earleen
11 months ago
Hmm, I'm a bit unsure about this one. I need to make sure I understand the key details - something about employees taking advantage of their employer's plans to purchase an asset. Let me think this through.
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Chauncey
11 months ago
This seems like a straightforward question about conflicts of interest. I'll carefully read through the options and choose the one that best matches the description.
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Candra
11 months ago
I'm a little confused by the wording here. Is this asking about a specific type of sale, or just a general conflict of interest scenario? I'll have to re-read the question carefully to make sure I understand what they're looking for.
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Caprice
11 months ago
I'm pretty sure it's option C. We learned about exercise-related complication rates in our sports medicine lecture.
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Vinnie
2 years ago
I disagree, I believe it's B) Turnaround sale or flip because employees are taking advantage of inside information.
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Lucia
2 years ago
That makes sense, employees using their position for personal gain is definitely a conflict of interest.
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Lucia
2 years ago
I think the answer is A) Conflict of interest in sale.
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Cecil
2 years ago
Option A is the way to go here. That's some seriously unethical behavior on the employees' part.
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Wynell
2 years ago
Definitely A. Employees using their position to personally profit is a big no-no. What a shady move!
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Trinidad
2 years ago
A) Conflict of interest in sale
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Cassie
2 years ago
It's like they're trying to make a quick profit by taking advantage of inside information.
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Mari
2 years ago
B) Turnaround sale or flip
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Leonardo
2 years ago
I agree, that's definitely a conflict of interest.
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Melinda
2 years ago
A) Conflict of interest in sale
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Clorinda
2 years ago
I think the correct answer is A. Conflict of interest in sale. Employees shouldn't be taking advantage of insider information like that!
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Lenna
2 years ago
Yes, employees should always act ethically in these situations.
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Leota
2 years ago
I agree, it's definitely a conflict of interest.
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