1. Which is an advantage to a private equity buyout?
A) They are subject to the controversial regulations included in the 2002 Sarbanes-Oxley Act. B) The CEOs frequently have more time and flexibility to enact changes need to turn around sub-par companies. C) both A and B. D) neither A nor B. E) both C & D
2. There are _________ risk and _________ returns to investors in private equity buyouts.
A) high; low B) low; high C) high;high D) low; low
3. Which is a description of a private equity firm?
A) Public shares are retired. B) A public company goes private. C) The firm is no longer subject to controls and oversight required of publicly held companies. D) All of the above.
4. A from of electronic money used on the Internet to pay for goods and services is
A) e-money. B) e-cash. C) a smart card. D) a virtual bank. E) b. ip-coin
5. The Federal Deposit Insurance Corporation Improvement Act of 1991
A) reduced the scope of deposit insurance in several ways. B) eliminated restrictions on nationwide banking. C) allowed well-capitalized banks to do some securities underwriting. D) did only A and B of the above. E) did only A and C of the above.