CFE

CFE practice questions, page 5 of 7, with answer review and explanations.

Question 21

Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendors side of the transaction who is not making an illicit payment.

  1. True
  2. False

Question 22

In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?

  1. Bid-rigging
  2. Kickbacks
  3. Competitive bidding
  4. Bid solicitation

Question 23

The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.

  1. True
  2. False

Question 24

Which of the following is NOT the phase of the bidding process?

  1. Presolicitation
  2. Postsolicitation
  3. Solicitation
  4. Submission

Question 25

When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:

  1. Presolicitation scheme
  2. Need recognition scheme
  3. False sole-source scheme
  4. Submission scheme