CFE

CFE practice questions, page 6 of 7, with answer review and explanations.

Question 26

In ____________ scheme, a supplier pays an employee of the purchasing company to write specifications that will require amendments at a later date.

  1. Deliberate writing of vague specifications
  2. Need recognition
  3. False specification
  4. Bid-splitting

Question 27

In which phase of competitive bidding process, fraudsters attempt to influence the selection of a contractor by restricting the pool of competitors from whom bids are sought?

  1. Need recognition
  2. Solicitation
  3. False specification
  4. Submission

Question 28

A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:

  1. Bid opening
  2. Fictitious Bidding
  3. Bid pooling
  4. Bid log

Question 29

Another way to eliminate competition in the solicitation phase of the selection process is to:

  1. Solicit bid from fictitious suppliers
  2. Solicit transaction from fictitious vendors
  3. Solicit bid-splitting from fictitious vendors
  4. None of the above

Question 30

The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.

  1. Bid-splitting
  2. Sealed bids
  3. General purchasing
  4. Tailor specifications