Question 1

Which of the following will be useful in ascertaining whether a doctor is legitimate?

Accepted Answer

The Department of Business Regulation is responsible for regulating and licensing healthcare professionals, including doctors. Therefore, it is the best choice to check whether a doctor is legitimate. The Secretary of State mainly deals with business registrations and elections, the Department of Justice deals with law enforcement, and the County Clerk deals with local government records.

Question 2

Which of the following information is NOT contained in the Social Security numbers issued by the Social Security Administration?

Accepted Answer

Social Security numbers do not contain information about the person's race. The first three digits of the number represent the area where the person was issued the number, the next two digits represent the group number, and the last four digits represent the person's serial number within that group.

Question 3

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

Accepted Answer

Information on suppliers and creditors who belong to the external environment is not maintained by credit reporting agencies.

Question 4

Net Worth Increase + Living Expenses =

Accepted Answer

Net worth increase is usually a result of income earned through various sources such as employment, investments, and business ownership. Living expenses are the expenses incurred to maintain a certain lifestyle. Thus, adding the net worth increase with living expenses is equal to the total income earned during a given period.

Question 5

Which of the following is NOT one of the major credit reporting agency?

Accepted Answer

Experian, Equifax, and TransUnion are the three major credit reporting agencies. ProQuest is not a credit reporting agency, but rather a provider of digital resources and databases for academic, corporate, and government libraries.

Question 6

Which of the following does NOT constitute a federal source of information?

Accepted Answer

County clerks are typically employed by local governments and are therefore not considered a federal source of information. The CIA, Secret Service, and FBI are all federal agencies.

Question 7

Funds from unknown sources equals:

Accepted Answer

Funds from unknown sources refers to income that is not coming from a known source, such as a salary or investment. Therefore, the calculation to determine the funds from unknown sources would be to subtract the funds from known sources (income) from the total income earned. A is incorrect because it is the formula for calculating net worth, not funds from unknown sources. B and D are also incorrect as they do not address the concept of unknown sources of funds.

Question 8

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

Accepted Answer

The Department of Defense, through agencies like the National Security Agency (NSA), maintains information on individuals who may pose a threat to national security.

Question 9

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

Accepted Answer

Mandy has committed fraud by pretending to be someone else to obtain account information, which is a violation of the Gramm-Leach-Bliley Act of 1999. This act requires financial institutions to protect the privacy of consumers' personal information.

Question 10

Identify the principal investigative agency of the Department of Justice.

Accepted Answer

The FBI (Federal Bureau of Investigation) is the principal investigative agency of the Department of Justice. It is responsible for investigating violations of over 200 categories of federal law, including terrorism, cybercrime, public corruption, civil rights violations, and more.

Question 11

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

Accepted Answer

The Department of Motor Vehicles (DMV) is a state-level government agency, making it a state source of information.

Question 12

The Gramm-Leach Bliley Act prohibits:

Accepted Answer

The Gramm-Leach Bliley Act, also known as the Financial Modernization Act, specifically prohibits the use of false pretenses to access the personal information of others. This is done in order to protect sensitive financial information and prevent identity theft. The act does not address telemarketing or public access to criminal databases, and it actually allows customers to opt out of information sharing.

Question 13

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

Accepted Answer

The answer of Using the net worth method,calculate an individual's...

Question 14

To find marital and voting record,one would need to look at the records maintained by:

Accepted Answer

The county clerk is responsible for maintaining records related to marriage licenses and voter registration. The sheriff's office, Social Security Administration, and local courts do not typically possess marriage or voting records.

Question 15

What is the main objective of the net worth method?

Accepted Answer

The answer of What is the main objective of the...

Question 16

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

Accepted Answer

The answer of Income from known sources subtracted from the...

Question 17

Identify the usual order of net worth calculations used to determine stolen funds.

Accepted Answer

The usual order for calculating net worth to determine stolen funds involves first finding the initial net worth, then calculating the increase in net worth, followed by identifying the total income, and finally determining the funds that come from unknown sources. This method helps in isolating unexplained wealth that could be attributed to stolen funds.

Question 18

When is searching through someone's garbage considered as a legal activity ?

Accepted Answer

When the trash has left the suspect's home or sidewalk, it is considered as abandoned and no longer protected by privacy laws. Therefore, searching through someone's garbage is legal when it is on the curb or in a public dumpster. However, if the trash is still inside the suspect's home or in their possession, it is considered as protected and searching through it without a warrant could be illegal.

Question 19

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

Accepted Answer

The Secret Service is responsible for protecting the president of the United States and other federal dignitaries. The CIA (Central Intelligence Agency) focuses on gathering intelligence and conducting espionage activities, the BOP (Bureau of Prisons) manages federal prisons and the custody of inmates, while the FBI (Federal Bureau of Investigation) investigates federal crimes and counterintelligence activities.

Question 20

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

Accepted Answer

Preliminary expenses are startup costs that are not directly related to the assets or liabilities of a business and are not included in the calculation of net worth.

Quiz 9: Conversion Investigation Methods