Question 1

Using the data below, calculate living expenses. Assets $100,000 Liabilities 37,500
Prior year's net worth 32,500
Income 55,000

Accepted Answer

A)  $57,500 
B)  $17,500 
C)  $20,000 
D)  $25,000 
A)  $57,500 
B)  $17,500 
C)  $20,000 
D)  $25,000

Question 2

Using the net worth method, calculate an individual's funds from unknown sources. The following information is available:

Accepted Answer

A)  $0 
B)  $10,000 
C)  $20,000 
D)  $40,000 
A)  $0 
B)  $10,000 
C)  $20,000 
D)  $40,000

Question 3

Which of the following is NOT information maintained by credit-reporting agencies?

Accepted Answer

A)  Supplier or creditor information, such as sales volume and credit policies 
B)  Account information, such as payment schedules, items purchased, and buying habits 
C)  Marketing information, such as customer breakdowns by age, sex, and income levels 
D)  Consumer information, such as addresses, ages, family members, and incomes 
A)  Supplier or creditor information, such as sales volume and credit policies 
B)  Account information, such as payment schedules, items purchased, and buying habits 
C)  Marketing information, such as customer breakdowns by age, sex, and income levels 
D)  Consumer information, such as addresses, ages, family members, and incomes

Question 4

Which federal agency maintains information on individuals who may be a threat to national security?

Accepted Answer

A)  Department of Justice 
B)  Bureau of Prisons 
C)  Department of Defense 
D)  Secret Service 
A)  Department of Justice 
B)  Bureau of Prisons 
C)  Department of Defense 
D)  Secret Service

Question 5

Data Set 9-1
  
-Refer to Data Set 9-1. Calculate the net worth of the individual at the end of Year 1.

Accepted Answer

A)  $3,000 
B)  $8,000 
C)  $0 
D)  $288,000 
A)  $3,000 
B)  $8,000 
C)  $0 
D)  $288,000

Question 6

Which of the following is NOT a form of database access?

Accepted Answer

A)  Subscription-based fees apply before access is granted 
B)  There is a per-use fee charged 
C)  A set number of searches are free followed by a daily charge for use thereafter 
D)  Unlimited free access to search is granted 
A)  Subscription-based fees apply before access is granted 
B)  There is a per-use fee charged 
C)  A set number of searches are free followed by a daily charge for use thereafter 
D)  Unlimited free access to search is granted

Question 7

Which of the following agencies is responsible for protecting the president of the United States and other federal dignitaries?

Accepted Answer

A)  CIA 
B)  NCIC 
C)  FBI 
D)  Secret Service 
A)  CIA 
B)  NCIC 
C)  FBI 
D)  Secret Service

Question 8

Name the major database maintained by the FBI.

Accepted Answer

A)  CIA 
B)  UCC filings 
C)  DEA 
D)  NCIC 
A)  CIA 
B)  UCC filings 
C)  DEA 
D)  NCIC

Question 9

Military records are not confidential and provide valuable information that can help you trace a person's whereabouts through changing addresses. Which government agency furnishes such information?

Accepted Answer

A)  Central Intelligence Agency 
B)  Federal Bureau of Investigation 
C)  Department of Defense 
D)  Department of Justice 
A)  Central Intelligence Agency 
B)  Federal Bureau of Investigation 
C)  Department of Defense 
D)  Department of Justice

Question 10

The Department of Vital Statistics maintains:

Accepted Answer

A)  licensing information. 
B)  military records. 
C)  fraud-related information. 
D)  birth records. 
A)  licensing information. 
B)  military records. 
C)  fraud-related information. 
D)  birth records.

Question 11

Which of the following statements regarding the U.S. Postal Service is NOT accurate?

Accepted Answer

A)  Because the use of mail is so common in frauds, the federal mail statutes are the workhorse statutes in federal crimes. 
B)  The U.S. Postal Service is a quasi-governmental organization. 
C)  Postal inspectors share jurisdiction with other federal, state, and local agencies. 
D)  Postal inspectors are some of the best and most helpful state investigators. 
A)  Because the use of mail is so common in frauds, the federal mail statutes are the workhorse statutes in federal crimes. 
B)  The U.S. Postal Service is a quasi-governmental organization. 
C)  Postal inspectors share jurisdiction with other federal, state, and local agencies. 
D)  Postal inspectors are some of the best and most helpful state investigators.

Question 12

Which of the following is a limitation to the net worth method?

Accepted Answer

A)  Computations only include assets and liabilities that can be discovered. 
B)  The resulting amounts are not acceptable as evidence in court. 
C)  The net worth method only gives an estimate of net worth increases or decreases. 
D)  When presented with the net worth amount(s), suspects sometimes confess. 
A)  Computations only include assets and liabilities that can be discovered. 
B)  The resulting amounts are not acceptable as evidence in court. 
C)  The net worth method only gives an estimate of net worth increases or decreases. 
D)  When presented with the net worth amount(s), suspects sometimes confess.

Question 13

Which of the following is classified as a state source of information?

Accepted Answer

A)  Bureau of Alcohol, Tobacco, and Firearms 
B)  County clerk's office 
C)  Department of Motor Vehicles 
D)  Permit departments 
A)  Bureau of Alcohol, Tobacco, and Firearms 
B)  County clerk's office 
C)  Department of Motor Vehicles 
D)  Permit departments

Question 14

Net Worth Increase + Living Expenses =

Accepted Answer

A)  Income 
B)  Funds from Known Sources 
C)  Liabilities 
D)  Assets 
A)  Income 
B)  Funds from Known Sources 
C)  Liabilities 
D)  Assets

Question 15

From the following, identify an item that does NOT go into current net worth calculations?

Accepted Answer

A)  Preliminary expenses 
B)  Prior year's net worth 
C)  Funds from known sources 
D)  Assets 
A)  Preliminary expenses 
B)  Prior year's net worth 
C)  Funds from known sources 
D)  Assets

Question 16

Using the data given below, calculate the funds from unknown sources for Year 3.

Accepted Answer

A)  $(26,200) 
B)  $47,800 
C)  $56,600 
D)  $74,000 
A)  $(26,200) 
B)  $47,800 
C)  $56,600 
D)  $74,000

Question 17

Income from known sources subtracted from total income gives a reasonable estimate of:

Accepted Answer

A)  funds from unknown sources. 
B)  liabilities. 
C)  living expenses. 
D)  net worth. 
A)  funds from unknown sources. 
B)  liabilities. 
C)  living expenses. 
D)  net worth.

Question 18

Mandy calls a local newspaper and pretends to be a neighbor who is away for the winter. She obtains account history and orders the newspaper for six months. Has Mandy committed a fraud? If yes, under which act?

Accepted Answer

A)  No, the newspaper has not yet been delivered or paid. 
B)  Yes, she is in violation of the Gramm-Leach-Bliley Act of 1999. 
C)  No, as the neighbor has not served any written notice to keep the information private. 
D)  Yes, she is in violation of Fair and Accurate Credit Transactions Act of 2003. 
A)  No, the newspaper has not yet been delivered or paid. 
B)  Yes, she is in violation of the Gramm-Leach-Bliley Act of 1999. 
C)  No, as the neighbor has not served any written notice to keep the information private. 
D)  Yes, she is in violation of Fair and Accurate Credit Transactions Act of 2003.

Question 19

Which of the following is a primary reason for conducting conversion searches?

Accepted Answer

A)  To find out the suspect's feelings about the organization 
B)  To understand the suspect's reaction to crisis 
C)  To check the extent of the suspect's debt 
D)  To gather evidence that can be used in interrogations to obtain a confession 
A)  To find out the suspect's feelings about the organization 
B)  To understand the suspect's reaction to crisis 
C)  To check the extent of the suspect's debt 
D)  To gather evidence that can be used in interrogations to obtain a confession

Question 20

Which of the following makes the net worth method ineffective in some situations?

Accepted Answer

A)  It gives a conservative estimate of stolen funds that is not readily accepted as evidence by courts. 
B)  It rarely facilitates obtaining confessions from suspects. 
C)  When people have income, they either purchase additional assets, pay off liabilities, or improve their lifestyle, thus increasing living expenses. 
D)  Embezzlers typically spend their money on food, jewelry, vacations, and other luxuries that are difficult to track. 
A)  It gives a conservative estimate of stolen funds that is not readily accepted as evidence by courts. 
B)  It rarely facilitates obtaining confessions from suspects. 
C)  When people have income, they either purchase additional assets, pay off liabilities, or improve their lifestyle, thus increasing living expenses. 
D)  Embezzlers typically spend their money on food, jewelry, vacations, and other luxuries that are difficult to track.

Using the data below, calculate living expenses. Assets $100,000 Liabilities 37,500 Prior year's net worth 32,500 Income 55,000

Using the net worth method, calculate an individual's funds from unknown sources. The following information is available:

Which of the following is NOT information maintained by credit-reporting agencies?

Which federal agency maintains information on individuals who may be a threat to national security?

Data Set 9-1 -Refer to Data Set 9-1. Calculate the net worth of the individual at the end of Year 1.

Which of the following is NOT a form of database access?

Which of the following agencies is responsible for protecting the president of the United States and other federal dignitaries?

Name the major database maintained by the FBI.

Military records are not confidential and provide valuable information that can help you trace a person's whereabouts through changing addresses. Which government agency furnishes such information?

The Department of Vital Statistics maintains:

Which of the following statements regarding the U.S. Postal Service is NOT accurate?

Which of the following is a limitation to the net worth method?

Which of the following is classified as a state source of information?

Net Worth Increase + Living Expenses =

From the following, identify an item that does NOT go into current net worth calculations?

Using the data given below, calculate the funds from unknown sources for Year 3.

Income from known sources subtracted from total income gives a reasonable estimate of:

Mandy calls a local newspaper and pretends to be a neighbor who is away for the winter. She obtains account history and orders the newspaper for six months. Has Mandy committed a fraud? If yes, under which act?

Which of the following is a primary reason for conducting conversion searches?

Which of the following makes the net worth method ineffective in some situations?

The Nature of Fraud

Who Commits Fraud and Why

Fighting Fraud: an Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

Investigating Concealment

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, Asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Consumer Fraud

Bankruptcy, Divorce, and Tax Fraud

E-Commerce Fraud

Legal Follow-Up

Filters

Exam 9: Conversion Investigation Methods

Using the data below, calculate living expenses. Assets $100,000 Liabilities 37,500 Prior year's net worth 32,500 Income 55,000

Using the net worth method, calculate an individual's funds from unknown sources. The following information is available:

Which of the following is NOT information maintained by credit-reporting agencies?

Which federal agency maintains information on individuals who may be a threat to national security?

Data Set 9-1 -Refer to Data Set 9-1. Calculate the net worth of the individual at the end of Year 1.

Which of the following is NOT a form of database access?

Which of the following agencies is responsible for protecting the president of the United States and other federal dignitaries?

Name the major database maintained by the FBI.

Military records are not confidential and provide valuable information that can help you trace a person's whereabouts through changing addresses. Which government agency furnishes such information?

The Department of Vital Statistics maintains:

Which of the following statements regarding the U.S. Postal Service is NOT accurate?

Which of the following is a limitation to the net worth method?

Which of the following is classified as a state source of information?

Net Worth Increase + Living Expenses =

From the following, identify an item that does NOT go into current net worth calculations?

Using the data given below, calculate the funds from unknown sources for Year 3.

Income from known sources subtracted from total income gives a reasonable estimate of:

Mandy calls a local newspaper and pretends to be a neighbor who is away for the winter. She obtains account history and orders the newspaper for six months. Has Mandy committed a fraud? If yes, under which act?

Which of the following is a primary reason for conducting conversion searches?

Which of the following makes the net worth method ineffective in some situations?

The Nature of Fraud

Who Commits Fraud and Why

Fighting Fraud: an Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

Investigating Concealment

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, Asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Consumer Fraud

Bankruptcy, Divorce, and Tax Fraud

E-Commerce Fraud

Legal Follow-Up

Filters