1. The Sarbanes-Oxley Act requires the chief executive officer(CEO) and chief financial officer (CFO) to certify annual and quarterly reports.(true/false) 2. Which of the following defines a proxy contest? A. An event in which a corporation seeks affirmative majority from its shareholders in the event of a hostile tender. B. An event in which proxies are chosen by voting between different factions of shareholders. C. An event in which insurgent shareholders and incumbent directors solicit proxies from other shareholders D. An instance of proxies awarded to the shareholder with the highest bid. 3.Which of the following is correct regarding Section 10A of the Securities Exchange Act of 1934 A. It prohibits any manipulative or deceptive practice in connection with the process of the probate. B. It imposes a criminal liability on accontants for making misstatements or ommision in nonaudit services C. It serves as a defense an accountant can assert by claiming due diligence to acoid civil liability D. It enforced a duty on auditors to detect and report illegal acts commited by theur clients. 4. What is backward vertical merger A. A vertical merger in which a customer acquires a supplier B. A vertical merger between two or more companies that compete in the same business and geographical market C. A vertical merger between two companies in similar fields whose do not overlap D. A vertical merger in which a supplier acquires a customer 5. Articles of organization are documents that are an evidence of a member's ownership interest in a limited liability company(LLC) (true/false) 6. An unqualified opinion implies that the company's financial statements have dome deviation from generally accepted accounting principles(GAAPs) (true/false) 7. Which of the following is true of stock dividends? A. They are additional stocks distributed as dividends B. They are redistribution of corporate assets as shares C. They increase an existing shareholder's proportionate ownership interest D. They are distributed according to the existing ownership interest of the board of directors. 8. Members of an limited liability company have what type of liability A. Unlimited personal B. Strict C. Limited D. Unlimited capital 9. Killian Corporation (Killian) has 15000 outstanding shares of which Rodrigo owns 2,000. Killion plans to raise more capital by issuing another 10,000 shares of stock. With preemptive rights, how many of the new shares does Rodrigo have the right to buy before they are sold to the public A. 2000 B. 3000 C. 5000 D. 10,000