BUS682-Quiz1

Question 1 Incorrect 0.00 points out of 1.00 " Flag question Question 2 Correct 1.00 points out of 1.00 ¥ Flag question Question 3 Correct 1.00 points out of 1.00 " Flag question According to the textbook, corporate governance refers to: Select one: a. managing relations with the media in order to avoid bad publicity b. corporate social responsibility (CSR) implementation c. when a company engages in government lobbying efforts in order to get favorable outcomes d. using lessons and methods from the private sector in the government (public) sector e. a formal system of oversight, accountability, and control for organizational decisions and resources Your answer is incorrect. The correct answer is: a formal system of oversight, accountability, and control for organizational decisions and resources This federal law, passed in 2010, is intended to protect consumers from overly complex financial instruments and regulate the financial services industry. This law established the Consumer Financial Protection Bureau (CFPB). It was passed in reaction to the financial crisis of 2008. Select one: a. Sarbanes-Oxley Act b. Financial Services Modernization Act c. Dodd-Frank Wall Street Reform Act d. Glass-Steagall e. The Securities Exchange Act Your answer is correct. The correct answer is: Dodd—Frank Wall Street Reform Act is defined as the buying or selling of a security by someone who has access to material nonpublic information about the security. Hint: Martha Stewart served jail time for this crime. a. insider trading b. outsider trading c. triple bottom line accounting d. blockchain fraud e. crowdfunding Your answer is correct. The correct answer is: insider trading