Question 1

Which act limits consumers' liability for fraudulent credit card charges?

Accepted Answer

A) Identity Theft and Assumption Deterrence Act 
B) Fair Credit Billing Act 
C) Family Education Rights and Privacy Act 
D) Fair Credit Reporting Act 
A) Identity Theft and Assumption Deterrence Act 
B) Fair Credit Billing Act 
C) Family Education Rights and Privacy Act 
D) Fair Credit Reporting Act

Question 2

Which of the following is the limit set on consumers' credit card fraud liability by Federal law?

Accepted Answer

A) $50 
B) $100 
C) $150 
D) $200 
A) $50 
B) $100 
C) $150 
D) $200

Question 3

Which of the following is the term for a fraudulent process whereby even representatives of legitimate MLMs are required to buy large,expensive amounts of inventory.

Accepted Answer

A) forward pricing 
B) snake oil 
C) front loading 
D) opportunity meeting 
A) forward pricing 
B) snake oil 
C) front loading 
D) opportunity meeting

Question 4

What is the most important way to fight identity theft?

Accepted Answer

A) By shredding mail that contains detailed information. 
B) By taking extra care of the personal valuable information. 
C) By using strong passwords and changing them often. 
D) By preventing it from happening in the first place. 
A) By shredding mail that contains detailed information. 
B) By taking extra care of the personal valuable information. 
C) By using strong passwords and changing them often. 
D) By preventing it from happening in the first place.

Question 5

Accumulating documentation belongs to which stage of the identity theft cycle?

Accepted Answer

A) The action stage 
B) The discovery stage 
C) The trial stage 
D) The concealment stage 
A) The action stage 
B) The discovery stage 
C) The trial stage 
D) The concealment stage

Question 6

Identify the complaint database developed by the U.S.Federal Trade Commission.

Accepted Answer

A) Consumer Watch 
B) Fraud Watchdog 
C) Consumer Sentinel 
D) Identity Theft Assistance 
A) Consumer Watch 
B) Fraud Watchdog 
C) Consumer Sentinel 
D) Identity Theft Assistance

Question 7

Which of the following is NOT a common identity theft method?

Accepted Answer

A) filing for bankruptcy under the victim's name. 
B) opening new bank accounts in the victim's name. 
C) changing a victim's mailing address. 
D) destroying personal property, such as a home or car. 
A) filing for bankruptcy under the victim's name. 
B) opening new bank accounts in the victim's name. 
C) changing a victim's mailing address. 
D) destroying personal property, such as a home or car.

Question 8

Which of the following is a scam in which consumers respond to an advertisement that promises income simply for filling envelopes?

Accepted Answer

A) Craft assembly 
B) Bogus mystery shopping 
C) Mail stuffing 
D) Skimming 
A) Craft assembly 
B) Bogus mystery shopping 
C) Mail stuffing 
D) Skimming

Question 9

Which federal statute protects the privacy and confidentiality of patient information?

Accepted Answer

A) Family Educational Rights and Privacy Act 
B) Identity Theft and Assumption Deterrence Act 
C) Gramm-Leach-Bliley Act 
D) Health Information Portability and Accountability Act 
A) Family Educational Rights and Privacy Act 
B) Identity Theft and Assumption Deterrence Act 
C) Gramm-Leach-Bliley Act 
D) Health Information Portability and Accountability Act

Question 10

What is the most detrimental consequence of identity theft?

Accepted Answer

A) The loss of physical assets. 
B) The loss of credit, reputation, and erroneous information. 
C) Time lost in reporting the fraud. 
D) The actual loss of money. 
A) The loss of physical assets. 
B) The loss of credit, reputation, and erroneous information. 
C) Time lost in reporting the fraud. 
D) The actual loss of money.

Question 11

Which stage is considered to be the most critical stage of the identity theft cycle?

Accepted Answer

A) Action stage 
B) Trial stage 
C) Discovery stage 
D) Cover-up stage 
A) Action stage 
B) Trial stage 
C) Discovery stage 
D) Cover-up stage

Question 12

Which of the following involves the use of Internet to steal important information?

Accepted Answer

A) Shoulder surfing 
B) Phishing 
C) Skimming a credit card 
D) Dumpster diving 
A) Shoulder surfing 
B) Phishing 
C) Skimming a credit card 
D) Dumpster diving

Question 13

All of the following are types of foreign advance schemes,EXCEPT:

Accepted Answer

A) Disbursement of money from wills. 
B) Multi-level marketing scams. 
C) Sale of crude oil below market price. 
D) Purchase of real estate scam. 
A) Disbursement of money from wills. 
B) Multi-level marketing scams. 
C) Sale of crude oil below market price. 
D) Purchase of real estate scam.

Question 14

Product testing is a fraud:

Accepted Answer

A) that request the consumers to review the products presented in the brochures and send their commentaries to the supplier for review. 
B) where consumers respond to an advertisement that promises income simply for stuffing envelopes. 
C) that promise victims a job that involves strolling through stores, enjoying the displays, shopping for merchandise, and then filing reports on the experiences they have had. 
D) where perpetrators promise high pay for working on different projects. 
A) that request the consumers to review the products presented in the brochures and send their commentaries to the supplier for review. 
B) where consumers respond to an advertisement that promises income simply for stuffing envelopes. 
C) that promise victims a job that involves strolling through stores, enjoying the displays, shopping for merchandise, and then filing reports on the experiences they have had. 
D) where perpetrators promise high pay for working on different projects.

Question 15

Snake oil plans are plans:

Accepted Answer

A) that make their money by getting new people to buy property in exotic locations. 
B) that promise enormous earnings or claim to sell miracle products. 
C) that motivate the purchase of unusually overpriced goods or services. 
D) that make people believe that they will make money simply because they are one of the earliest investors. 
A) that make their money by getting new people to buy property in exotic locations. 
B) that promise enormous earnings or claim to sell miracle products. 
C) that motivate the purchase of unusually overpriced goods or services. 
D) that make people believe that they will make money simply because they are one of the earliest investors.

Question 16

Which dimensional actions are the most risky for the identity thief?

Accepted Answer

A) Third dimensional actions 
B) Second dimensional actions 
C) First dimensional actions 
D) Fourth dimensional actions 
A) Third dimensional actions 
B) Second dimensional actions 
C) First dimensional actions 
D) Fourth dimensional actions

Question 17

Which of the following identity theft actions listed is considered to be part of the first dimensional actions?

Accepted Answer

A) efforts to gain victim's personal information. 
B) larger thefts, often involving personal interaction, without much chance of getting caught. 
C) largest thefts committed after perpetrators have confidence that their schemes are working. 
D) small thefts to test the stolen information. 
A) efforts to gain victim's personal information. 
B) larger thefts, often involving personal interaction, without much chance of getting caught. 
C) largest thefts committed after perpetrators have confidence that their schemes are working. 
D) small thefts to test the stolen information.

Question 18

According to the Federal Trade Commission,what is the largest type of consumer fraud?

Accepted Answer

A) Identity theft 
B) Ponzi scheme 
C) Magazine fraud 
D) Telephone fraud 
A) Identity theft 
B) Ponzi scheme 
C) Magazine fraud 
D) Telephone fraud

Question 19

Which of the following is a scam where perpetrators promise high pay for working on different projects like wooden calendars,paper towel holders,hair clips,or holiday decorations?

Accepted Answer

A) Product testing 
B) Mail stuffing 
C) Craft assembly 
D) Skimming 
A) Product testing 
B) Mail stuffing 
C) Craft assembly 
D) Skimming

Question 20

Which act makes it illegal for any agency that receives federal funding to disclose privacy information about individuals?

Accepted Answer

A) Identity Theft and Assumption Deterrence Act 
B) Family Education Rights and Privacy Act of 
C) The Gramm-Leach-Bliley Act 
D) Fair Credit Reporting Act 
A) Identity Theft and Assumption Deterrence Act 
B) Family Education Rights and Privacy Act of 
C) The Gramm-Leach-Bliley Act 
D) Fair Credit Reporting Act

Which act limits consumers' liability for fraudulent credit card charges?

Which of the following is the limit set on consumers' credit card fraud liability by Federal law?

Which of the following is the term for a fraudulent process whereby even representatives of legitimate MLMs are required to buy large,expensive amounts of inventory.

What is the most important way to fight identity theft?

Accumulating documentation belongs to which stage of the identity theft cycle?

Identify the complaint database developed by the U.S.Federal Trade Commission.

Which of the following is NOT a common identity theft method?

Which of the following is a scam in which consumers respond to an advertisement that promises income simply for filling envelopes?

Which federal statute protects the privacy and confidentiality of patient information?

What is the most detrimental consequence of identity theft?

Which stage is considered to be the most critical stage of the identity theft cycle?

Which of the following involves the use of Internet to steal important information?

All of the following are types of foreign advance schemes,EXCEPT:

Product testing is a fraud:

Snake oil plans are plans:

Which dimensional actions are the most risky for the identity thief?

Which of the following identity theft actions listed is considered to be part of the first dimensional actions?

According to the Federal Trade Commission,what is the largest type of consumer fraud?

Which of the following is a scam where perpetrators promise high pay for working on different projects like wooden calendars,paper towel holders,hair clips,or holiday decorations?

Which act makes it illegal for any agency that receives federal funding to disclose privacy information about individuals?

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

Conversion Investigation Methods

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Bankruptcy, divorce, and Tax Fraud

E-Commerce Fraud

Legal Follow-Up

Filters

Exam 15: Consumer Fraud

Which act limits consumers' liability for fraudulent credit card charges?

Which of the following is the limit set on consumers' credit card fraud liability by Federal law?

Which of the following is the term for a fraudulent process whereby even representatives of legitimate MLMs are required to buy large,expensive amounts of inventory.

What is the most important way to fight identity theft?

Accumulating documentation belongs to which stage of the identity theft cycle?

Identify the complaint database developed by the U.S.Federal Trade Commission.

Which of the following is NOT a common identity theft method?

Which of the following is a scam in which consumers respond to an advertisement that promises income simply for filling envelopes?

Which federal statute protects the privacy and confidentiality of patient information?

What is the most detrimental consequence of identity theft?

Which stage is considered to be the most critical stage of the identity theft cycle?

Which of the following involves the use of Internet to steal important information?

All of the following are types of foreign advance schemes,EXCEPT:

Product testing is a fraud:

Snake oil plans are plans:

Which dimensional actions are the most risky for the identity thief?

Which of the following identity theft actions listed is considered to be part of the first dimensional actions?

According to the Federal Trade Commission,what is the largest type of consumer fraud?

Which of the following is a scam where perpetrators promise high pay for working on different projects like wooden calendars,paper towel holders,hair clips,or holiday decorations?

Which act makes it illegal for any agency that receives federal funding to disclose privacy information about individuals?

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

Conversion Investigation Methods

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Bankruptcy, divorce, and Tax Fraud

E-Commerce Fraud

Legal Follow-Up

Filters