UNLV ACC406 FINAL EXAM

1. In
general, the amount recorded on the progressive meter for a large dollar
progressive that is the responsibility of the casino to pay should be recorded
as a liability
a. True

b. False

2. The use
of a Random Number Generator is not addressed in the MICS section pertaining to
which of the following areas:
a. Poker

b. Bingo

c. Keno

d. None of
the above

3. The
percentage of pulls that the machine pays at least one coin is known as which
of the following.

a. Hit
frequency

b. Model mix

c. Handpay

d. Casino
advantage

4. In sports
book betting, this type of bet places the first winning wager along with the
payoff on the next in a predetermined series of bets where the outcome is
contingent on all of the games having a favorable outcome.

a. Straight
bets
b. Totals
c. Proposition
bets
d. Parlays

5. Hold is
the percentage of total wagers that is actually won by the slot machine.
a. True

b. False

6. Which of
the following areas is required to be reviewed at least once during every
six-month period by internal audit departments?

a. Race and
sports book
b. Information
technology

c. Entertainment

d. None of
the above

7. Tickets
for admission to a casino showroom must state whether Live Entertainment Tax is
included in the price of the ticket.
a. True

b. False

8. Chip
credits are transported from the table to the cage by?
a. Security
officer

b. Floorperson

c. Dealer

d. Cage
cashier

9. Written-off
and settled credit instruments must be authorized in writing.
a. True

b. False

10. Increases
and decreases to the casino cage accountability are typically recorded on a
shift summary.

a. True

b. False

11. Payments
by mail must be received by a department independent of credit instrument
custody and collection.
a. True

b. False

12. In card
games (poker), rake is the term that refers to the percentage of the pot that
may be taken by the licensee for maintaining or dealing the game.
a. True

b. False

13. Access to
the surveillance room must be limited to surveillance personnel and other
authorized personnel as indicated in the licensee’s written surveillance system
plan.

a. True

b. False

14. Fill slips
are inserted into the drop box by the floorperson.
a. True
b. False

15. Shills are
commonly found in which of the following areas.

a. Bingo
b. Information
Technology
c. Poker

d. Entertainment

16. All credit
extensions are initially evidenced by what?
a. Marker

b. Fill slip

c. Credit
slip
d. Lammer
buttons

17. At the
close of each shift, the inventory of each table is counted.
a. True

b. False

18. Under a
system of pari-mutuel wagering, the casino would not be willing to accept
wagers of any size because there is a risk of loss to the casino.

a. True
b. False

19. According
to the Entertainment MICS, all cash register/or point of sale system overrings
or admission ticket voids require only the authorization and verification of
the cashier conducting the transaction.

a. True
b. False

20. Race and
Sports books in Nevada are allowed to receive wagers over the telephone from
bettors who are calling from outside Nevada.

a. True
b. False

21. At the
conclusion of the soft count, the count sheet, with all supporting
documentation, is promptly delivered to the accounting department.

a. True

b. False

22. Unused
cards and dice are maintained in a storeroom which should be designed to
require access by two separate departments.

a. True

b. False

23. Table
games accounting and auditing procedures must be performed by personnel from
the table games operation.

a. True
b. False

24. The drop
boxes are removed from the tables by.

a. Pit
Manager
b. Floorperson

c. Dealer
d. Security
officer

25. All monies
counted by the soft count team may be turned over to which of the following
employees at the conclusion of the count.

a. Dealer

b. Floorperson

c. Cage
cashier

d. Pit
Manager

26. Live
Entertainment Tax in the amount of 10% would not be applied to which of the
following?
a. Food
b. Slot
revenue

c. Merchandise

d. Refreshments

27. Supervision
is provided at all times this area is in operation by personnel with authority
equal or greater than those being supervised. Which of the following is the
area referred to in the MICS?

a. Bingo
b. Poker

c. Keno

d. All of
the above

28. Access to
controlled bingo equipment is restricted to authorized personnel. Which of the
following is not an example of Bingo equipment that is identified in the MICS?
a. Blower

b. Back-up
balls
c. Rabbit
ears

d. Balls in
play

29. Each
registered independent agent must file a list of secondary representatives with
the Gaming Control Board annually.
a. True

b. False

30. A licensee
is not permitted to compensate a registered independent agent in any manner
until the Chairman of the Gaming Control Board has registered the independent
agent.
a. True

b. False

31. The
procedures for the collection of card games drop boxes and the count of the
contents are not required to comply with the internal control standards
applicable to the pit (table games) drop boxes.

a. True
b. False

32. Controls
must exist to ensure that personnel in this area are aware of multi-race
tickets still in process at the end of a shift. Which of the following areas
does the MICS refer to?

a. Bingo

b. Poker

c. Pari-mutuel

d. Keno

33. Passwords
should be changed at least quarterly, and the status of terminated employees
should be changed from active to inactive status within 72 hours of
termination.

a. True

b. False

34. Adequate
backup and recovery procedures would not include which of the following.
a. Daily
backup of data files

b. Secured
offsite storage of all backup files and software programs
c. Backup
of all in-house developed and purchased software programs
d. None of
the above

35. In Race
and Sports, employees who have access to administrative terminals or perform
administrative functions are permitted to write or cash tickets.

a. True
b. False

36. Internal
audit departments must follow-up within one year to verify that corrective
action has been taken regarding all instances of noncompliance cited by the
independent accountant.

a. True
b. False

37. The
physical custody of the keys needed for accessing stored full table drop box
contents requires the involvement of persons from two separate departments.

a. True
b. False

38. Large or
unusual variances between the slot weigh/count and wrap are investigated by
management personnel independent of specified departments/functions. Which of
the following departments/functions would be permitted to perform the
investigation?

a. Count
team

b. Accounting
department

c. Slot
department

d. Cage/vault
function

39. All
employees that participate in the weigh/count and/or wrap are required to sign
documentation that evidences their presence/participation.
a. True

b. False

40. Call bets
are settled at the end of each hand of play.

a. True

b. False

41. Payments
on markers may not be accepted in the pit.

a. True

b. False

42. The casino
cage should report organizationally to the Executive Director of Surveillance.

a. True

b. False

43. Which one
of the following is specified with regard to table drop box release keys?

a. Drop box
release keys are maintained by the pit department.

b. Only the
person authorized to remove drop boxes from the tables is allowed access to the
release keys.

c. Persons
authorized to drop the table games boxes are permitted access to drop box
contents keys.
d. All of
the above.

44. A
Suspicious Activity Report by Casinos and Card Clubs (SARC) must be filed with
FinCEN within how many days of initial detection?

a. 15
b. 30

c. 45

d. 90
e. None of
the above

45. Federal
law permits casinos to notify anyone involved in a suspicious transaction that
a Suspicious Activity Report by Casinos and Card Clubs (SARC) has been filed.
a. True
b. False

46. Which of
the following transactions would not require that a CTRC be filed at the time
of the transaction?
a. A $20,000
slot jackpot placed on deposit because the customer did not have proper
identification

b. Return of
a $20,000 customer deposit in cash
c. Redemption
of $10,340 in chips for cash

d. Check
cashed for $12,500
e. None of
the above

47. Which of
the following represents a way in which an employee acquires knowledge of
reportable transactions?

a. Referring
to the Multiple Transaction Log (MTL)

b. Observing
customer cash transactions with other employees
c. Personally
handling a transaction for the customer
d. All of
the above

e. None of
the above

48. Under
Title 31, “currency” is defined as:

a. Foreign
currency and coins only

b. U.S.
currency and coins only

c. Both U.S
and foreign currency and coins

d. None of
the above

49. A casino
licensee is not responsible for the payment of live entertainment tax if the
taxable entertainment occurs in an operation on the licensee’s premises which
is not owned by the licensee.

a. True

b. False

50. Identification
requirements are to be complied with prior to accepting a cash wager that would
cause the $10,000 threshold to be exceeded.

a. True

b. False