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Exam Code: CFE-Financial-Transactions-and-Fraud-Schemes
Exam Name: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam
Vendor: ACFE

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NEW QUESTION: 1
The population of Smithtown increases at a rate f 3% annually. If the population is currently 2,500, what will the population be at the same time next year?
A. 2,560
B. 2,575
C. 2,800
D. 2,530
E. 3,000
Answer: B
Explanation:
Explanation/Reference:
Explanation:
3% is equal to 0.03, so multiply 2,500 times 0.03 and then add the result to 2,500, for a total of 2,575.

NEW QUESTION: 2
An organization has decided to implement additional security controls to treat the risks of a new process. This is an example of:
A. accepting the risk.
B. mitigating the risk.
C. eliminating the risk.
D. transferring the risk.
Answer: B
Explanation:
Risk can never be eliminated entirely. Transferring the risk gives it away such as buying insurance so the insurance company can take the risk. Implementing additional controls is an example of mitigating risk. Doing nothing to mitigate the risk would be an example of accepting risk.

NEW QUESTION: 3
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Answer:
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