6.Often used in conjunction with a tender offer, a proxy contest:

Select one:

a. Occurs when the acquiring company asks the target company's shareholders to elect a board proposed by the acquirer to replace the incumbent board

b. Replaces the target company's incumbent management with interim executives

c. Occurs when the target company asks the acquiring company's shareholders to elect a board proposed by the target to replace the incumbent board.

d. Disables the voting rights of shareholders to allow for a smoother transition of control

7.Which of the following correlates to financial statement fraud?

Select one:

a. All of the above

b. Busy board members

c. Low director tenure of the board

d. Low director ownership of company stock

8.When multiple companies within a group try to meet or exceed the median, the median itself tends to increase, this is known as:

Select one:

a. Ratcheting effect

b. None of the above

c. Black Swan

d. Clawback

9.The audit committee has many responsibilities including __________.

Select one:

a. Oversee financial reporting and disclosure

b. All of the above

c. Monitor the choice of accounting principles

d. Hire and monitor the work of the external auditor

10.CEOs with international experience comprise how much of the US CEO labor pool?

Select one:

a. three-quarters

b. one-half

c. one-fourth

d. one-third