ACFE Exam CFE Topic 4 Question 54 Discussion

Actual exam question for ACFE's CFE exam

Question #: 54
Topic #: 4

[All CFE Questions]

Most of the shell company schemes involve the purchase of goods rather than services.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Ashton at May 22, 2024, 07:36 PM

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Paola

6 months ago

Of course it's False! Everyone knows shell companies are just empty shells - they don't buy anything, goods or services!

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Felicia

6 months ago

Hmm, this is a tricky one. I'm going to have to go with B, though. Services are harder to verify, so that seems more in line with the typical shell company playbook.

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Giovanna

5 months ago

B) False

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Cassie

5 months ago

I agree, I think it's more common for shell companies to purchase goods to make their operations seem legitimate.

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Jules

6 months ago

B) False

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Jennifer

6 months ago

A) True

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Mitzie

6 months ago

I'm going with True. Most shell company schemes I've heard about involve the purchase of physical goods to create a paper trail.

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Mari

6 months ago

Definitely False. Shell companies are all about moving money around through fake transactions, and goods are much easier to track than services.

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Herminia

6 months ago

I think the answer is B. Shell companies usually focus on services rather than goods, as it's easier to hide the source of funds that way.

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Mammie

6 months ago

B) False

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Ronald

6 months ago

I agree, shell companies often use services to hide the source of funds.

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Kasandra

6 months ago

A) True

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Buck

6 months ago

That's correct. Services are commonly used in shell company schemes to conceal the origin of money.

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Merilyn

6 months ago

I agree, shell companies often deal with services to conceal the source of funds.

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Solange

6 months ago

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Kris

6 months ago

I agree, shell companies often use the purchase of services to hide the source of funds.

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Janae

6 months ago

A) True

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