1Which of the following is true of the Federal Trade Commission?
- It is a branch of the U.S. Supreme Court
- It is a temporary commission created by executive order that has become permanent
- It is a federal agency created by Congress
- It is a corporation subsidized by the federal government
2In order to prevent and clear hazardous wastes that increase mortality or serious illness, the federal government established a specific method to finance the cleaning of polluted areas by enacting what statute?
- The Comprehensive Environmental Response, Compensation, and Liability Act
- The Insecticide, Fungicide, and Rodenticide Act
- The Superfree Act
- The Toxic Substances and Control Act
3The Sarbanes-Oxley Act is intended to increase the confidence of the public and investors through increasing which of the following?
- Corporate veil
- Corporate governance
- Director complacency
- Separation of powers
4The Sarbanes-Oxley Act prohibits publicly traded companies from making personal loans to whom?
- Its legal counsel
- Its majority shareholders
- Its executive officers or directors
- Its certified public accountants
5Under what system of corporate voting by shareholders can a minority shareholder achieve success in electing someone to the board of directors?
- Cumulative voting
- Proxy voting
- Absentee voting
- Straight voting