ACFE CFE Q&A - in .pdf

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  • Exam Code: CFE
  • Exam Name: Certified Fraud Examiner
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NEW QUESTION: 1
A softball player was lifting 67% of her back squat 1RM; this load would typically allow her to perform how many repetitions?
A. 0
B. 1
C. 2
D. 3
Answer: D

NEW QUESTION: 2
The net value of a certain stock increased at a constant rate during the ten-year period between 1990 and
2000. What was the value of the stock in the year 1998?
(1) In 1991, the value of the stock was 130 U.S dollars.
(2) In 1992, the value of the stock was 149.5 U.S dollars.
A. Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.
B. Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.
C. Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.
D. Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.
E. Either statement BY ITSELF is sufficient to answer the question.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
We are told that the stock increases its value by a constant rate and therefore we need to find some kind of pattern in order to know the value every year.
Statements (1) and (2) taken together are sufficient since they give us the percent increase of the stock from 1991 to 1992, which is 15%. The value of the stock in 1998 can be easily calculated, add 15% every year until 1998.

NEW QUESTION: 3
Under the terms of 2/10 net 30, the buyer may:
A. deduct 10% of the invoice amount for payment within 30 days
B. None of the other alternatives apply
C. settle the invoice with 2 equal payments; one within 10 days and the other within 30 days
D. deduct 2% of the invoice for payment within 10 days
E. incurs a penalty on 10% for payments more than 30 days late
Answer: D

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