ACAMS Practice Questions
Accounting Cycle and Classifying Accounts
Accounting For Managers
Accounting for Merchandising Activities
Accounting for Pensions
Accounting Information Systems
Activity Based Costing
Adjusting Accounts for Financial Statements
Advanced Business Economics
Advertising and Public Relations
Advertising and Sales Promotion
An Overview of International Business
Analysis and Forecasting Techniques
Analyzing and Recording Transactions
Applied Business Research
Asset Demand and Supply under Uncertainty
Auditing and Attestation
Behavioral and Allied Sciences
Bonds and Long Term Notes Payable
Business Analytics & Technology Management Chapter 2
Business Analytics & Technology Management Chapter 3
Business Analytics & Technology Management Chapter 4
Business Analytics & Technology Management Chapter 5
Business Analytics & Technology Management Chapter 6
Business and Company Law
Business Ethics and Governance
Business Ethics Exam
Business Law Study guide
Business Organisations and Environment
Business organization and systems
Business Process Performance
California Real Estate
Capital Budgeting and Managerial Decisions
Changes in Accounting Principles
Changing Marketing Environment
Consolidated Financial Statements
Corporate and Business Law
Cost Accounting Final exam
Cost Accumulation Systems
Cost Allocation Techniques
Cost and Managerial Accounting
Cost of Capital
Cost Terms and Classifications
Cost Volume Profit Analysis
Currency Exchange Rates
Customer Relationships and Value
CVP Analysis and Marginal Analysis
Debt and Bankruptcy
Decision Makers Household Sector
Demand for Money
Derivative Instruments and Hedging Activities
Dividends and Payout Policy
Dividends, Shares, and Income
Elasticities of Demand and supply
Employee Training and Development
Environments of Business
Essence of Management
Ethical and Professional Standards
Ethics and Social Responsibility
Ethics for Management Accountants
External Financial Statements and Revenue Recognition
Federal Securities Acts
Financial and the Nonfinancial Sectors
Financial Decision Making
Financial Intermediaries and Financial Markets
Financial Markets and Securities Offerings
Financial Statements and Accounting Transactions
Flexible Budgets and Standard Costs
Florida Real Estate MCQs
Fraud Internal Control and Cash
Fundamental Accounting Principles
Global Marketing and World Trade
Governmental Accounting State and Local
Health and Life Comprehensive Exam
Health and Life Practice Questions
Human Resource Management
Human Resource Management HRM
Human Resource Planning
Importance of Business Economics
Insurance and Risk Management
Insurance License Texas Life and Health
Integrated Marketing Communications and Direct Marketing
Interactive Marketing and Electronic Commerce
Internal Auditing and Systems Controls
Internal Control and Cash
International Trade and Globalisation
Interpersonal and Organizational Communication
Introduction to Business
Introduction to Human Resource Management
Introduction to Human Resources Assessment
Investment Risk and Portfolio Management
Job Order Costing
Life and Health Insurance
Life Insurance Basics
Life Insurance Policies
Life Insurance Policy
Long Term Investment
Long Term Securities
Management and Cost Accounting
Managerial Accounting Concepts and Principles
Managing Organizational Change
Managing Production and Operations
Managing Products and Brands
Market Segmentation Targeting and Positioning
Marketing and Corporate Strategies
Marketing Channels and Wholesaling
Master Budgets and Planning
Mergers and Acquisitions
Money and Banking
National Health Insurance
Not For Profit Accounting
Organization and Operation of Corporations
Organizational Behavior Essentials
Organizational Markets and Buyer Behaviour
Organizational Structure and Design
Personal Selling and Sales Management
Principles and Practices of Management
Production and Operations Management
Profitability Analysis and Analytical Issues
Profitability Analysis and Decentralization
Property Plant and Equipment
Property Plant and Equipment Exam
Reporting and Analyzing Cash Flows
Reporting and Analyzing Long Lived Assets
Reporting and Analyzing Receivables
Responsibility Accounting and Performance Measures
Risk and Procedures for Control
Service Department Costing
Short Term Financing
Short Term Investment
Standard Costs and Variance Analysis
State Health Insurance
Statement of Cash Flow
Statement of Comprehensive Income
Statement of Financial Position
Stock Market and Stock Prices
Strategic Marketing Process
Structure of Interest Rates
Succession and Transfer Taxes
Supply Chain and Logistics Management
System Analysis and Design
Texas Real Estate
The Management Challenge
Total Quality Management
Understanding Exchange Rates
Understanding Interest Rates
Understanding Interest Rates Determinants
Value Added Tax
Corporate Governance MCQs
Which of the following is not generally a power of the board of directors of a corporation?
Determining management compensation.
Amending the Articles of Incorporation.
Which of the following forms of compensation would encourage management to take on excessive risk?
A fixed salary.
A salary and bonuses based on current period net income.
A salary plus stock options that cannot be exercised for 10 years.
A salary plus restricted stock.
Which of the following is not true concerning corporations?
Directors owe a fiduciary duty to the corporation.
All shareholders owe a fiduciary duty to the corporation.
Officers owe a fiduciary duty to the corporation.
Directors who act in good faith may use the business judgment rule as a defense.
Which of the following is not a right of the shareholder of a corporation?
Right to inspect the books and records.
Right to share in dividends if declared.
Right to determine the mission of the corporation.
Right to sue on behalf of the corporation if the officers and directors fail to uphold corporate rights.
Which of the following actions normally requires shareholder approval?
Appointing the chief executive officer.
Issuing a dividend.
The corporate strategic plan.
Changing the nature of the corporation.
To which of the following rights is a stockholder of a public corporation entitled?
The right to have annual dividends declared and paid.
The right to vote for the election of officers.
The right to a reasonable inspection of corporate records.
The right to have the corporation issue a new class of stock.
Which of the following is correct with respect to the rights of stockholders in a corporation?
Stockholders have no right to manage their corporation unless they are also directors or officers.
Stockholders have a right to receive dividends.
Stockholders have no right to inspect the books and records of their corporation.
Stockholders have a right to get a list of their corporation’s customers to use for a business mailing list.
A corporate stockholder is entitled to which of the following rights?
Receive annual dividends.
Prevent corporate borrowing.
Which of the following best identifies the reason that effective corporate governance is important?
The separation of ownership from management.
The goal of profit maximization.
Excess management compensation.
Lack of oversight by boards of directors.
The articles of incorporation and bylaws of a corporation serve as a basis for the governance structure of a corporation. Which of the following ite...
Purpose of the corporation.
Number of authorized shares of stock.
Procedure for electing directors.
Powers of the corporation.
Which of the following forms of compensation would most likely align management’s behavior with the interests of the shareholders?
A fixed salary.
A salary plus a bonus based on current period net income.
A salary plus stock options that cannot be exercised for 10 years.
A salary plus stock.
Which of the following is not a duty that is typically reserved for the board of directors of a corporation?
Selection and removal of the chief executive officer.
Determining executive compensation.
Amending the articles of incorporation.
Decisions regarding declaration of dividends.
Which of the following is a legal rule that prevents directors from being held liable for making bad decisions if they act with good faith, loyalty,...
The good faith rule.
The business judgment rule.
The due care rule.
The director liability rule.
Which of the following is not a requirement of the New York Stock Exchange regarding corporate governance of companies listed on the exchange?
Have a majority of independent directors of the corporate board.
Adopt and make publicly available a code of conduct.
Prohibit the chief financial officer from serving on the board of directors.
Have an independent audit committee.
Which of the following does not act as an external corporate governance mechanism?
Independent boards of directors.
The Sarbanes-Oxley Act provides that at least one member of the audit committee should be
The chief financial officer of the company.
A financial expert.
Which of the following is not a statutory requirement regarding the committees of the board of directors of publicly held corporations registered wi...
All members of the compensation committee must be independent.
At least one member of the compensation committee must be a “compensation expert.”
All members of the audit committee must be independent.
At least one member of the audit committee must be a “financial expert.”
Which of the following is necessary to be an audit committee financial expert according to the criteria specified in the Sarbanes-Oxley Act of 2002?...
An understanding of income tax law.
An understanding of generally accepted accounting principles and financial statements.
An understanding of corporate law.
An understanding of corporate governance rules and procedures.
Which of the following is not a requirement of the Wall Street Reform and Consumer Protection (Dodd-Frank) Act for publicly held corporations regist...
If it is decided that the CEO should also be appointed chairman of the board, the corporation must disclose why this decision was made.
The members of the compensation committee of the board must be independent.
Shareholders must be allowed a nonbinding vote on officer compensation at least every three years.
All members of the audit committee of the board must be financial experts.
Which of the following is most effective as an external monitoring device for a publicly held corporation than the others?
An important corporate governance mechanism is the internal audit function. For good corporate governance, the chief internal audit executive should...
The chief financial officer.
The chief executive officer.
The external auditors.
In setting priorities for internal audit activities, the chief audit executive should
Use a risk-based approach.
Use management’s priorities.
Use an approach that cycles audit areas each year.
Use a random approach to more likely detect fraud.
The Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing cover what two major types of inter...
Assurance and consulting.
Financial and operational.
Compliance and taxation.
Audit and review.
According to the International Standards for the Professional Practice of Internal Auditing
All internal audit seniors must be Certified Internal Auditors.
The internal auditors must establish and maintain a system to monitor the disposition of audit results.
Internal auditors must be assigned to assist the external auditors.
Internal auditors must not have a financial interest in the company.
Which of the following is not a section of the Institute of Internal Auditors’ International Standards for the Professional Practice of Internal A...
Securities analysts act as one form of monitoring device from a corporate governance standpoint. What is a limitation that is often identified when c...
Conflicts of interest.
Lack of competence.
Use of only nonfinancial information for analyses.
They are employees of the company.
Which of the following divisions of the SEC reviews corporate filings?
The Office of the Chief Accountant.
The Division of Enforcement.
The Division of Corporate Disclosure.
The Division of Corporate Finance.
According to the Sarbanes-Oxley Act of 2002, which of the following statements is correct regarding an issuer’s audit committee financial expert? ...
The issuer’s current outside CPA firm’s audit partner must be the audit committee financial expert.
If an issuer does not have an audit committee financial expert, the issuer must disclose the reason why the role is not filled.
The issuer must fill the role with an individual who has experience in the issuer’s industry.
The audit committee financial expert must be the issuer’s audit committee chairperson to enhance internal control.
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