Contract Risk Management Module 10 Quiz
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School
Florida State University *
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Course
6003
Subject
Information Systems
Date
Dec 6, 2023
Type
docx
Pages
2
Uploaded by MarciiMarcii
Module10
Quiz
Question 1
1 pts
The General Data Protection Regulation went into effect in May 2018. Which
of the following is a true statement about GDPR:
Group of answer choices
A.
It only applies to companies headquartered in the European Union.
B.
It was enacted to limit facial recognition software and tracking of
persons around Europe.
C.
It imposes obligations on U.S. companies who collect data of European
Union citizens.
D.
It requires companies to destroy personal information of individuals
within 12 months after first obtaining the information.
Question 2
1 pts
Which of the following pieces of legislation requires financial institutions to
implement safeguards for customers’ personal information:
Group of answer choices
A.
Gramm-Leach-Bliley Act
B.
Sarbanes-Oxley Act
C.
California Consumer Protection Act
D.
Basel II
Question 3
1 pts
The California Consumer Protection Act grants consumers which of the
following rights:
Group of answer choices
A.
Right to know what personal information has been collected about
them.
B.
Right to request their personal information be deleted from a
company’s records.
C.
Right to “opt-out” of the sale of their personal information.
D.
All of the above.
Question 4
1 pts
The Sarbanes-Oxley Act applies to all companies providing goods or services
within the United States.
Group of answer choices
True
False
Question 5
1 pts
The Sarbanes-Oxley Act requires which of the following:
Group of answer choices
A.
Every member of the Board of Directors must sign the annual report
and attest to the accuracy of the organization’s revenue report.
B.
An organization must disclose every lawsuit that has been filed against
it in the annual report.
C.
An organization’s external auditors must provide an opinion on the
effectiveness of the company’s internal controls.
D.
Organizations to disclose how they sell consumer data.
Question 6
1 pts
Compliance should be considered in many aspects of a business, including
contract management.
Group of answer choices
True
False
Question 7
1 pts
In order to ensure compliance with the California Consumer Protection Act,
an organization should do which of the following:
Group of answer choices
A.
Create a Privacy Notice
B.
Engage in a Data Mapping Exercise
C.
Train members of the business on the requirements of the CCPA
D.
All of the Above
Question 8
1 pts
The Health Insurance Portability and Accountability Act (HIPAA) only applies
to hospitals and healthcare providers.
Group of answer choices
True
False
Question 9
1 pts
In an effective Contract Risk Management Program, all employees of a
business should have access to the business’s agreements with its suppliers.
Group of answer choices
True
False
Question 10
1 pts
A contract may create obligations on a company to comply with certain
government regulations that it otherwise would not be subject to.
Group of answer choices
True
False
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