CFE-Law ACFE Certified Fraud Examiner (CFE)

Certified Fraud Examiner (CFE) - Law

Last Update 23 hours ago Total Questions : 171

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Question # 4

Which of the following statements about the different types of alternative dispute resolutions is CORRECT?

In a mediation session, the mediator tries to help the parties reach a settlement.

In an arbitration proceeding, the arbitrator tries to help the parties reach a settlement.

In an arbitration proceeding that is nonbinding, issues are final and cannot later be determined by a court in a trial.

In a mediation session, the mediator decides the outcome of a case by deciding who should win the dispute.

Question # 5

According to the Organisation for Economic Co-operation and Development’s OECD Recommendation on Combating Bribery in International Business, member states are encouraged to combat the bribery of foreign public officials by improving which of the following primary areas within their respective infrastructures?

Initiatives related to stronger data protection

Criminal, civil, commercial, and administrative laws

E-commerce business practices and regulations

Regulations related to the public’s health and safety

Question # 6

Which of the following statements regarding using front businesses as a method of laundering money is MOST ACCURATE?

Front businesses are a favored method because it is easy to match the costs associated with providing customers food, liquor, and entertainment with the revenues produced.

Bars, restaurants, and nightclubs are commonly used as front businesses because these venues tend to charge relatively low prices and customers rarely vary in their purchases.

Front businesses can often be detected because these businesses have a large number of customers during peak operating hours and high income.

A front business that conducts legitimate business can provide cover for delivery and transportation related to illegal activity.

Question # 7

In jurisdictions that allow criminal bargaining agreements the defendant's counsel generally has the discretion to determine whether a bargaining agreement is available to the defendant.

True

False

Question # 8

Company A sued Company B to recover damages tor the breach of a contract. In the same proceeding Company B sought damages for an allegation that Company A fraudulently induced Company B into entering the contract In this case what would Company B's claim against Company A be called?

Cross-claim

Collateral attack

Reversal

Counterclaim

Question # 9

Which of the following is the MOST ACCURATE statement about the different types of alternative dispute resolution'?

The agreements reached in mediations are generally nonbinding.

In a mediation session, the mediator decides who should win the dispute at issue

The decisions reached in all arbitrations are always binding

In an arbitration proceeding the arbitrator acts as a judge or jury by deciding the dispute at issue on its merits

Question # 10

Jay files for bankruptcy in order to settle all of his debts. During the bankruptcy proceeding, the court sells off his property and uses the proceeds to pay Jay's creditors, thereby discharging all of Jay's dischargeable debts. This type of bankruptcy proceeding can BEST be described as:

Debt adjustment bankruptcy

Liquidation bankruptcy

Reorganization bankruptcy

Debt dismissal bankruptcy