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Exam Code: CFE-Law
Exam Name: Certified Fraud Examiner
Vendor: ACFE

60 Questions & Answers
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NEW QUESTION: 1
Which of the following is an advantage of a centralized information security organizational structure?
A. It is easier to manage and control.
B. It provides a faster turnaround for security requests.
C. It is easier to promote security awareness.
D. It is more responsive to business unit needs.
Answer: A
Explanation:
It is easier to manage and control a centralized structure. Promoting security awareness is an advantage of decentralization. Decentralization allows you to use field security personnel as security missionaries or ambassadors to spread the security awareness message. Decentralized operations allow security administrators to be more responsive. Being close to the business allows decentralized security administrators to achieve a faster turnaround than that achieved in a centralized operation.

NEW QUESTION: 2
A user has attached an EBS volume to a running Linux instance as a "/dev/sdf" device. The user is unable to see the attached device when he runs the command "df -h". What is the possible reason for this?
A. The volume is not mounted
B. The volume is not formatted
C. The volume is not attached as a root device
D. The volume is not in the same AZ of the instance
Answer: A
Explanation:
When a user creates an EBS volume and attaches it as a device, it is required to mount the device. If the device/volume is not mounted it will not be available in the listing.
http://docs.aws.amazon.com/AWSEC2/latest/UserGuide/AmazonEBS.html

NEW QUESTION: 3
A limited power-of-attorney gives the designated person the right to
I. order the sale of an asset owned by the account holder and have a check written to the account holder
for the amount of the proceeds.
II. obtain account statements, including tax statements, on behalf of the account holder.
III. order the purchase of an asset for the account holder's account.
A. I and II only
B. II and III only
C. I and III only
D. I, II, and III
Answer: B
Explanation:
Only Selections II and III are true. A limited power-of-attorney gives the designated person
the right to obtain account statements, including tax statements, on behalf of the account holder and to
order the purchase of an asset for the account holder's account. Only a full (or unlimited)
power-of-attorney allows the designated person to withdraw any proceeds from the account.

NEW QUESTION: 4
Which one of the following four options does NOT represent a benefit of compensating balances to the bank?
A. Compensating balances allow the bank to net some of the exposure they may have in case of default, by
taking funds from these specific deposit account one the borrower defaults.
B. Compensation balances influence the expected loss rate of the bank given the default obligor and
improve capital structure by controlling obligor type and avoiding payment delays.
C. Since the compensating balances reduce the next amount lent to the borrower, the earned return on the
loan is increased, further widening the bank's interest rate margin and profitability.
D. Since the compensating balances cannot be withdrawn at short notice, if at all, they are not considered
transaction accounts and are able to provide a stable funding to the bank, reducing its reliance on more
volatile external inter-bank based funding sources.
Answer: B


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