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ACFE CFE-Financial-Transactions-and-Fraud-Schemes exam
  • Exam Code: CFE-Financial-Transactions-and-Fraud-Schemes
  • Exam Name: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam
  • Version: V12.35
  • Q & A: 70 Questions and Answers
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NEW QUESTION: 1
A mortgage holding company has found that 1% of its mortgage holders default on their mortgage and lose the property. Furthermore, 90% of those who default are late on at least two monthly payments over the life of their mortgage as compared to 45% of those who do not default. What is the probability that a mortgagee with two or more late monthly payments will default on the mortgage and lose the property?
A. 0.020
B. 0.019
C. 0.018
D. None of these answers
E. 0.009
Answer: A
Explanation:
Explanation/Reference:
Explanation:
We have P(def) = 0.01. P(not def) = 0.99. P(two late payments/def) = 0.90. P(two late payments/not def)
0.45. Using Bayes formula: p(def/two late payments) = (0.01*0.9)/(0.01*0.9 + 0.99*0.45) = 0.0198 = 0.020.

NEW QUESTION: 2
有用な製造革新のための知的財産保護とは何ですか?
A. 営業秘密
B. 商標
C. 特許
D. 著作権
Answer: C
Explanation:
説明
特許は、プロセス(および発明、新しい植物、装飾パターン)を保護します。リストされている他の回答は、他の質問に対する回答です。

NEW QUESTION: 3
Which router would you recommend for a large campus that requires the highest performance?
A. HP MSR2000 Series
B. HP HSR6600 Router Series
C. HP MSR930 Series
D. HP HSR6800 Router Series
Answer: D
Explanation:
Reference:http://h17007.www1.hp.com/us/en/networking/products/routers/HP_HSR6800_ Router_Series/index.aspx

NEW QUESTION: 4
Which of the following algorithms has well documented collisions? (Select TWO).
A. RSA
B. SHA-256
C. AES
D. MD5
E. SHA
Answer: D,E
Explanation:
B: MD5 biggest weakness is that it does not have strong collision resistance, and thus it is no longer recommended for use.
C: SHA-1 (also known as SHA) is being retired from most government uses; the U.S.
National Institute of Standards and Technology said, "Federal agencies should stop using SHA-1 for...applications that require collision resistance as soon as practical, and must use the SHA-2 family of hash functions for these applications after 2010", though that was later relaxed.
Note: The hashing algorithm must have few or no collisions. This means that hashing two different inputs does not give the same output.
Cryptographic hash functions are usually designed to be collision resistant. But many hash functions that were once thought to be collision resistant were later broken. MD5 and SHA-
1 in particular both have published techniques more efficient than brute force for finding collisions.

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