Which is a requirement for establishing apparent authority?

	a.	underlying express authority
	b.	an agency agreement
	c.	both a and b
	d.	none of the above

The safe-harbor provision:

	a.	none of the above
	b.	is part of SOX.
	c.	allows the sale of securities prior to the effective date of the registration statement.
	d.	provides lawyers with protection from up the ladder reporting.

Which of the following is not a method for forming a partnership?

	a.	by implication
	b.	by estoppel
	c.	by agreement
	d.	by transfer

Which of the following is not a Section 12 violation?

	a.	false statements in the registration statement
	b.	failure to file a registration statement
	c.	false statement in the prospectus
	d.	All of the above are Section 12 violations.

Which of the following forms of business organizations does not have the pass-through feature of income and losses?

	a.	limited partnership
	b.	corporation
	c.	S corporation
	d.	partnership

Which of the following powers does PCAOB not have?

	a.	power to prohibit accounting firms from doing audits in the future
	b.	PCABO's authority was limited by a U.S. Supreme Court decision
	c.	power to discipline public accounting firms
	d.	none of the above
	e.	both a and b

Which of the following is true about the composition of boards of corporations covered by Sarbanes-Oxley?

	a.	All audit committee members must be independent.
	b.	All board members must be independent.
	c.	both b and c
	d.	Independence is defined as not having current contracts with the corporation.

Greg Wanlass is the vice president of talent development for M & T Savings and Thrift, a publicly traded corporation that is listed on the NYSE. Greg has just purchased a home and borrowed the money from M & T, at its regular interest rate. With regard to this loan:

	a.	M & T has violated SOX by making a loan to an officer.
	b.	the loan is not prohibited by SOX.
	c.	the loan is not subject to SOX because it was at M & Ts regular interest rate.
	d.	M & T is not covered by SOX provisions.