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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

60 Questions & Answers
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NEW QUESTION: 1
Following statements define risk EXCEPT:
A. Organization voluntarily exposes itself to the danger
B. Organization has knowledge of facts constituting a dangerous condition
C. Measured in terms of impact and likelihood
D. The element of assurance in an undertaking
Answer: D

NEW QUESTION: 2
The chief commodity trader for a large energy company learns from a friend that a competitor will likely fail its upcoming regulatory audit and will be forced to temporarily decrease production. If the information is true, the trader has short-term opportunities to make trades that will financially benefit the trader's company and will lead to a substantial increase in the trader's performance bonus. However, if the information is not true, making the trades will significantly increase the company's risk of being caught in a long position. From an ethical perspective, which of the following would be the most appropriate course of action for the trader to take?
A. Disclose the information to the risk oversight committee but proceed with the trade to capitalize on the opportunity.
B. Defer the decision to management and risk the loss of the trading opportunity.
C. Have another trader on staff make the trade in order to avoid a conflict of interest.
D. Make the trade because the company and the trader will both benefit.
Answer: B

NEW QUESTION: 3
An IBM Tivoli Storage Manager (TSM) Server is configured to run daily incremental backups and bi-monthly archive, keeping the incremental backups for three months and keeping the archive for one year. After running for six months the system administrator needs to recover a folder from five months ago. Which recovery option will they need to use?
A. Retrieve
B. Recover Manager
C. Backup Set
D. Restore
Answer: A

NEW QUESTION: 4
On the DS8870, which of the following drive options is a valid Easy Tier hybrid pool?
A. 7,200 RPM drives
B. eMLO SSDs and 5,400 RPM drives
C. SLO and eMLO SSDs
D. 15,000 RPM and 7,200 RPM drives
Answer: D


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