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Exam CFE - Financial Transactions and Fraud Schemes All Questions

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Exam CFE - Financial Transactions and Fraud Schemes topic 1 question 49 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 49
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Which of the following is NOT a way that dishonest contractors collude to circumvent the competitive bidding process?

  • A. Agree to stay out of each other’s designated markets.
  • B. Refrain from submitting bids on certain contracts.
  • C. Use obscure publications to publish bid solicitations.
  • D. Submit token bids that are not serious attempts to win the contract.
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Suggested Answer: D 🗳️
by GaryLee at Nov. 20, 2024, 7:58 p.m.

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5a97e10
4 days, 9 hours ago
Selected Answer: C
C, because it is between contractors and employees. Not between contractors only.
upvoted 1 times
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GaryLee
1 week, 6 days ago
C. Use obscure publications to publish bid solicitations.
upvoted 1 times
GaryLee
1 week, 6 days ago
is NOT a way that dishonest contractors collude to circumvent the competitive bidding process
upvoted 1 times
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B (20%)
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