Practice Quiz

DSST Business Law II Exam Prep - Question List

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56. Which federal agency enforces the Sarbanes-Oxley Act of 2002?
  1. National Security Council
  2. Federal Judicial Center
  3. Congressional Budget Office
  4. Office of Compliance
  5. Securities and Exchange Commission
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57. A security is:
  1. An option banknote
  2. A mutual option
  3. An investment contract
  4. The manner in which a company safeguards its corporation secrets
  5. A document that is given to a member of a company's board of directors
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58. In a Chapter 11 case where the debtor is left in place to operate the business during the reorganization proceeding, the debtor is called a:
  1. Debtor-in-continuation
  2. Debtor-in-possession
  3. Debtor-in-retention
  4. Debtor-in-adjudication
  5. Debtor-in-repossession
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59. What does a conversion right do?
  1. Allows a creditor to get paid prior to shareholders if the corporation liquidates.
  2. Allows a creditor to compel a corporation to convert debt owed to shares.
  3. Allows a shareholder to convert preferred stock into common stock.
  4. Allows shares to be purchased at a discounted price.
  5. Allows stock options to be exercised.
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60. The Fair Debt Collection Practices Act prohibits collection agencies from engaging in which of the following practices?
  1. Communication with third parties.
  2. Calling before 8:00 a.m.
  3. Contacting a person known to be represented by an attorney.
  4. Communicating with consumers at their place of employment after being told that it is not permitted.
  5. All of the above.
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