SRCR QUIZ

1. True or False.   Citigroup, Honeywell, Allstate, Verizon and Walt Disney have recently been identified as having the least effective Boards of Directors among the top 1700 U.S. public companies.
   
   
2. True or False.   Financial statement fraud can result from recording fictitious revenues, concealing liabilities or expenses, overvaluing assets, timing differences, or improperly disclosing information about the business.
   
   
3. True or False.   The Sarbanes-Oxley legislation passed in 2002 makes it illegal for the first time for U.S. public companies to issue misleading or fraudulent financial statements.
   
   
4. True or False.   Bank of America, Cisco, Coca Cola, Intel and Merck are among the U.S. companies most widely sought as investments which are socially responsible.
   
   
5. True or False.   The U.S. Department of Defense Voluntary Disclosure Program allows employees of defense contractors to avoid prosecution if they report their misconduct to the government.
   
   
6. True or False.   Whether it is due to embarrassment or the belief that nothing can be done, only 1 in 100 victims of telemarketing fraud ever files a complaint.
   
   
7. True or False.   The majority of check fraud in the United States is committed by foreign crime rings, rather than by individuals, employees of businesses, or domestic crime rings.
   
   
8. True or False.   Health care providers perpetrate the majority of health care fraud in the U.S. today.
   
   
9. True or False.   The most common denomination of forged traveler's checks is the $20 denomination.
   
   
10. True or False.   Noncompete agreements are an effective means by which companies can protect trade secrets, and are enforceable when any employee terminates.
    

See Answers: Click Here