4.01 Relationship Between Government & Business
One of the positive effects that government regulation has on companies is that many of the laws are intended to provide companies with:
A. choices.
B. obstacles.
C. protections.
D. restrictions.
C. protections.
One of the main provisions of the Gramm-Leach-Bliley Act requires financial institutions to:
A. protect the privacy of consumer personal monetary information.
B. provide consumers with information about their credit rating.
C. offer credit to any individual who is currently employed.
D. assist individuals who have had their identity stolen.
A. protect the privacy of consumer personal monetary information.
Deanna put a security measure in place to prevent anyone from accessing her credit information without her permission. This is called a:
A. credit card.
B. credit block.
C. credit freeze.
D. credit suspension.
C. credit freeze.
Why is it important for business employees to follow established security procedures?
A. to develop a healthy environment
B. to reduce the possibility of loss
C. to avoid the risk of accidents
D. to avoid getting fired
C. to avoid the risk of accidents
One way of protecting data from unauthorized modification and/or corruption at rest and during transmission among information systems is to implement:
A. a firewall.
B. encryption.
C. internal threats.
D. network controls.
D. network controls.
The two main sources of revenue used to pay the costs of government regulation are:
A. taxpayers and nontaxpayers.
B. government and industry.
C. taxes and borrowing.
D. business and labor.
C. taxes and borrowing.
A private securities transaction exists when a representative:
A. has a joint account with a family member.
B. makes a trade from his personal account.
C. is engaged with an outside business.
D. is selling away.
D. is selling away.
Which federal agency is responsible for collecting complaints about identity theft and also prevents fraudulent, deceptive, and unfair business practices?
A. Federal Bureau of Investigation
B. Federal Complaint Commission
C. Federal Identity Theft Agency
D. Federal Trade Commission
D. Federal Trade Commission
To maintain workplace security and minimize breaches, one must be:
A. a team player.
B. distracted.
C. observant.
D. friendly.
C. observant.
Which company policy is designed to protect the confidential information of the business?
A. Documents should never be marked “confidential” to avoid drawing attention to them.
B. Confidential documents should be kept in locked cabinets or rooms.
C. Employees should discuss confidential information in public places.
D. Confidential information should never be printed out.
B. Confidential documents should be kept in locked cabinets or rooms.
One of the reasons that has caused government’s role in business to expand is that:
A. costs of production have continued to increase.
B. competition in the marketplace has increased.
C. products have become very technical.
D. people’s attitudes have changed.
D. people’s attitudes have changed.
Which individuals are required to register with FINRA?
A. those who are associated with a member and are to function as Assistant Representatives-Order Processing
B. those who are not actively engaged in the investment banking or securities business
C. those who impact securities transactions only on the floor of an exchange
D. those whose sole functions are limited to clerical duties
A. those who are associated with a member and are to function as Assistant Representatives-Order Processing
Sam works at Elite Electronics and has been looking at Apple watches but is unable to afford one. One day, after he shows an Apple watch to a customer, he puts it in his pocket and takes it home. This crime is known as:
A. burglary.
B. embezzlement.
C. robbery.
D. shoplifting.
B. embezzlement.
Edward, an employee, has always been a pessimistic person, but his attitude has been very negative lately. He obviously has an extreme dislike for the new manager, and recently, his favorite topics of conversation have been guns and knives. Knowing all this, what should Edward's coworkers do?
A. during a staff meeting, accuse him of plotting to kill the manager
B. share this information with the supervisor or the HR department
C. call the local sheriff or police chief to discuss Edward's mood
D. say nothing because Edward will probably calm down soon
B. share this information with the supervisor or the HR department
One way that an advertising agency can keep information secure from unauthorized personnel is by using:
A. encryption technology.
B. updated equipment.
C. spam filters.
D. data mining.
A. encryption technology.
When the government buys wheat to keep the price high enough for farmers to make a profit, it is:
A. encouraging the production of wheat.
B. encouraging energy conservation.
C. industrializing the economy.
D. using price supports.
D. using price supports.
The Sarbanes-Oxley Act of 2002 is legislation that was passed in response to:
A. tax settlements.
B. collection activities.
C. investment options.
D. accounting scandals.
D. accounting scandals.
How many credit reporting agencies are there?
A. one
B. two
C. three
D. four
C. three
4.03 Security Precautions
Which scenario is an example of point-of-sale fraud?
A. vendors taking funds from the register
B. employees undercharging their friends
C. competitors accessing computer files
D. customers replacing price tags
B. employees undercharging their friends
The process of transforming text into an unintelligible string of characters that can be transmitted online with the highest amount of security and then can be interpreted when it reaches the secure destination is known as:
A. a firewall.
B. encryption.
C. data security.
D. internal threats.
B. encryption.
Which regulatory agency would be concerned with price fixing and unfair competitive prices?
A. Consumer Product Safety Commission
B. Federal Communications Commission
C. National Labor Relations Board
D. Federal Trade Commission
D. Federal Trade Commission
A firm that is required to start tape recording their telemarketing activities must continue to do so for what period of time?
A. one year
B. three years
C. five years
D. indefinitely
B. three years
The two most important pieces of information to safeguard in order to protect against identity theft are one's:
A. date of birth and address.
B. Social Security number and address.
C. Social Security number and date of birth.
D. full legal name and Social Security number.
C. Social Security number and date of birth.
4.03 Security Precautions
A customer was trying on clothes at Selina's Slacks Shop and put several pairs of pants in a baggy jacket and left the store without paying for them. This is the crime of:
A. burglary.
B. embezzlement.
C. robbery.
D. shoplifting.
D. shoplifting.
The security measure which involves locking all entrances that contain various equipment and workstations is called:
A. a firewall.
B. encryption.
C. internal threats.
D. physical safeguards.
D. physical safeguards.