Hi , I need help understanding this worksheet :

1. Today, every state has its own corporate securities laws that regulate the offer and sale of securities within its borders.

a. Trueb. False

2. Blue sky laws are:

a. federal laws regulating mutual funds.

b. interstate laws governing bond sales.

c. state laws regulating intrastate sales of securities.

3. State securities laws generally do not provide for the registration of securities offered or issued because that is governed by federal law.

a. Trueb. False

5. In order to improve corporate governance, most large corporations have eliminated the use of outside directors.

a. Trueb. False

6. An important structure in corporate governance is the board of directors, because the board makes major decisions about the future of the corporation.

a. Trueb. False

7. The( BLANK)

(Select)

Audit

Review

Compensation

Regulation

Committee of the board of directors oversees the corporation's accounting and financial reporting processes, including the corporation's internal controls.

8. The( BLANK)

Select

Flexibility

Compensation

Historical

Beneficial

Item 1

Committee of the board of directors assesses performance and designs a system that better aligns the officers' interests with that of the shareholders.

9.( BLANK)

( Select)

State

Federal

Administrative

Judicial

Item 1

law corporation statutes set up the legal framework for corporate governance.

10. Congress passed the Sarbanes-Oxley Act in ( BLANK)

Select

2001

2002

2003

2004

Item 1

.11. Sections 302 and 404 of the Sarbanes-Oxley Act require high-level managers and many senior officers to establish and maintain an effective system of internal controls.

a. Trueb. False