Certified Fraud Examiner (CFE) — Question 23

Another way to eliminate competition in the solicitation phase of the selection process is to:

Answer options

• A. Solicit bid from fictitious suppliers
• B. Solicit transaction from fictitious vendors
• C. Solicit bid-splitting from fictitious vendors
• D. None of the above

Correct answer: A

Explanation

The correct answer is A because soliciting bids from fictitious suppliers directly undermines fair competition. Options B and C do not accurately reflect a method for eliminating competition in the solicitation phase, as they involve different actions that still do not achieve the same outcome. Option D is incorrect as there is a valid method provided in option A.