Question 1
Which of the following is NOT a key attempt at behaviormodification to discourage illegal conduct with organizations sincethe 1970s?
A. The U.S. Federal Sentencing Guidelines forOrganizations
B. The Ethics Resource Center
C. The Sarbanes-Oxley Act
D. The Foreign Corrupt Practices Act
Question 2
Prior to the passing of the Foreign Corrupt Practices Act (FCPA),the illegality of this behavior was punishable only through the__________ sources of legislation.
A. primary
B. international
C. secondary
D. domestic
Question 3
By passing the Foreign Corrupt Practices Act (FCPA), Congress wassending a message that U.S. companies should compete solely on thebasis on __________ in overseas markets.
A. price and product quality
B. personnel and bribery
C. payments and uniqueness
D. uniqueness and government support
Question 4
Which of the following is NOT considered a routine governmentalaction?
A. Providing permits to qualify a person to do business in aforeign country
B. Processing governmental papers
C. Providing police protection relate to the transit of goodsacross a country
D. Influencing a government official to obtain a government orbusiness contract
Question 5
The SEC may bring civil fines of up to __________ per violationunder the FCPA.
A. $100,000
B. $50,000
C. $25,000
D. $10,000
Question 6
The DII stands for the:
A. Declining Industry Initiatives.
B. Defense Industry Initiatives on Business Ethics andConduct.
C. Domestic Industry Initiatives on Business Regulations.
D. Defending International Initiatives on ProcurementIrregularities.
Question 7
All of the following are principles included in the DII EXCEPT forwhich one?
A. Each company will have and adhere to a written code of businessethics and conduct.
B. Each company will create a free and open atmosphere that allowsand encourages employees to report violations of its code to thecompany without fear of retribution for such reporting.
C. Each company has the responsibility to live by the standards toincrease investors’ confidence in the defense industry.
D. Each company must have public accountability for its commitmentto these principles.
Question 8
The FSGO established a definition of an organization that was so__________ as to prompt the assessment that “no enterprise isexempt.”
A. narrow
B. broad
C. well-defined
D. contracted
Question 9
Which of the following is NOT a step in calculating a finesentenced by the FSGO?
A. The culpability score
B. The total fine amount
C. The determination of the base fine
D. The determination of the mitigating factors
Question 10
The total fine sentenced by the FSGO is calculated by the base fine__________ the culpability score.
A. multiplied by
B. plus
C. minus
D. divided by
Question 11
The maximum penalty that a judge can administer for FSGO violationsis a:
A. 2 million dollar penalty.
B. penalty that is worth a quarter of the organization’sassets.
C. penalty that is worth half of the organization’sassets.
D. penalty that is worth the full amount of the organization’sassets.
Question 12
An effective compliance program includes all of the followingEXCEPT for which one?
A. Management oversight
B. Consistent discipline
C. Coercive action
D. Compliance with standards and procedures
Question 13
The creation of the __________ as independent oversight body was anattempt to reestablish the perceived independence of auditingcompanies.
A. PCAOB
B. AOB
C. CPAOB
D. PCAB
Question 14
Title __________ of the Sarbanes-Oxley Act addresses issues relatedto corporate responsibility.
A. III
B. V
C. VI
D. VII
Question 15
Title __________ of the Sarbanes-Oxley act addresses issues relatedto commission resources and authority.
A. III
B. V
C. VI
D. VII
Question 16
Title __________ of the Sarbanes-Oxley act addresses issues relatedto corporate fraud and accountability.
A. VIII
B. IX
C. X
D. XI
Question 17
Delegation of substantial discretionary authority is one step the__________ prescribes to organizations to create an effectivecompliance program to minimize the culpability score.
A. Defense Industry Initiatives (DII)
B. Foreign Corrupt Practices Act (FCPA)
C. Federal Sentencing Guidelines for Organizations (FSGO)
D. Sarbanes-Oxley Act
Question 18
Section 404 of the Sarbanes-Oxley act is estimated to havegenerated auditing fees in the:
A. hundreds of millions of dollars.
B. hundreds of billions of dollars.
C. few million dollar range.
D. thousands of dollars.
Question 19
The culpability score of an organization can be increased for allof the following reasons EXCEPT for which one?
A. The organization had a prior history of similarmisconduct
B. The organization willfully obstructed justice
C. The organization self-reported the offense to appropriategovernmental authorities
D. High-level personnel were involved in or tolerated the criminalactivity
Question 20
The __________ was/were introduced to place more effective controlsover the practice of paying bribes to foreign officials andpoliticians by American publicly traded companies as they pursuedinternational growth.
A. Defense Industry Initiatives (DII)
B. Foreign Corrupt Practices Act (FCPA)
C. Federal Sentencing Guidelines for Organizations (FSGO)
D. Sarbanes-Oxley Act
ScholarMatic: Explanation & Answer
Your ready answer from a verified tutor is just a click away for as little as $14.99
Click Order Now to get 100% Original Answer Customized to your instructions!
