JURI 615 Quiz 1
JURI 615 Quiz 1 Liberty University
JURI 615 Quiz Governance & Compliance
- Who ultimately owns a corporation?
- Shareholders typically make day-to-day decisions
- Which of these is not a requirement to be eligible to submit a shareholder proposal under current SEC rules?
- Which of these is required under the Dodd-Frank Act?
- Based on empirical studies, a larger board is necessarily more effective
- A board of directors in which members serve for multiple years, and only a portion changes each year, is known as a:
- A director’s fiduciary duties are owed directly to
- Which of the following is not a commonly described component of a director’s fiduciary duty?
- The business judgement rule:
- The business judgment rule offers protection for violations of the duty of loyalty
- Audit committees are not an uncommon overseer of the compliance function
- Item 407(h) of SEC Regulation S-K requires generally:
- In NYSE-listed companies, the nominating/corporate governance committee must be composed completely of independent directors
- In NYSE-listed companies, the compensation committee must be composed completely of independent directors
- Based on our reading, in publicly traded firms, the management’s most important compliance requirement is found within
- Which of the following is not required under SOX § 404(a)
- Which of the following does not accurately describe SOX-based internal controls
- Which of the following is not a commonly accepted part of the internal control framework
- Which of the below is a judicial doctrine that regards court deference to agency interpretations
- Which of the below is not a “step” in the Chevron approach
- Which of the following is not a viable basis for a Caremark claim
- In the internal audit content, the audit universe refers to the scope of functions and entities that will be internally audited
- Which of the following is not a common element of an internal audit report
- Outsourcing the internal audit function to an outside vendor is necessarily problematic
- The human resource department has little compliance risk or issues that arise
Set 2
- Who ultimately owns a corporation?
- Shareholders typically make day-to-day decisions
- Which of these is not a requirement to be eligible to submit a shareholder proposal under current SEC rules?
- Which of these is required under the Dodd-Frank Act?
- Based on empirical studies, a larger board is necessarily more effective
- A board of directors in which members serve for multiple years, and only a portion changes each year, is known as a:
- A director’s fiduciary duties are owed directly to
- Which of the following is not a commonly described component of a director’s fiduciary duty?
- The business judgement rule:
- The business judgment rule offers protection for violations of the duty of loyalty
- Audit committees are not an uncommon overseer of the compliance function
- Item 407(h) of SEC Regulation S-K requires generally:
- In NYSE-listed companies, the nominating/corporate governance committee must be composed completely of independent directors
- In NYSE-listed companies, the compensation committee must be composed completely of independent directors
- Based on our reading, in publicly traded firms, the management’s most important compliance requirement is found within
- Which of the following is not required under SOX § 404(a)
- Which of the following does not accurately describe SOX-based internal controls
- Which of the following is not a commonly accepted part of the internal control framework
- Which of the below is a judicial doctrine that regards court deference to agency interpretations
- Which of the below is not a “step” in the Chevron approach
- Which of the following is not a viable basis for a Caremark claim
- In the internal audit content, the audit universe refers to the scope of functions and entities that will be internally audited
- Which of the following is not a common element of an internal audit report
- Outsourcing the internal audit function to an outside vendor is necessarily problematic
- The human resource department has little compliance risk or issues that arise