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  1. 1. The Association of Certified Fraud Examiners (ACFE) estimate that organizations of all kinds lose _____ of revenue each year to fraud.

  2. 2. More than half of all tips regarding public procurement fraud come from _____.

  3. 3. When two or more vendors enter into an illegal agreement in which one or more of the vendors abstains from bidding or withdraws a previously submitted bid, _____ has occurred.

  4. 4. The most common form of bribery in public procurement occurs when an official awards a contract to a vendor even though the vendor did not place the lowest bid. In return, the vendor then pays the official a portion of the profits. This is called _____.

  5. 5. ______ is/are a form of corrupt payment used by criminals to attempt to avoid the possibility of tracing funds from financial institutions.

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