EduTest Test Industry Regulations 3

Question 1

What is the primary purpose of the Sarbanes-Oxley Act (SOX) of 2002?

Accepted Answer

Protect investors by improving corporate financial disclosures

Answer

Regulate international trade practices

Answer

Set environmental standards for public companies

Answer

Establish minimum wage requirements

Question 2

Under the Family and Medical Leave Act (FMLA), how many weeks of unpaid leave are eligible employees entitled to per year?

Accepted Answer

12 weeks

Answer

6 weeks

Answer

8 weeks

Answer

16 weeks

Question 3

Which agency enforces the Consumer Product Safety Improvement Act (CPSIA)?

Accepted Answer

CPSC

Answer

FDA

Answer

FTC

Answer

OSHA

Question 4

Under the General Duty Clause of the OSH Act, employers must provide a workplace free from:

Accepted Answer

Recognized hazards likely to cause serious harm

Answer

All possible hazards

Answer

Any discomfort or inconvenience

Answer

Hazards covered only by specific OSHA standards

Question 5

Which financial regulation requires broker-dealers to maintain accurate records and report suspicious transactions?

Accepted Answer

Bank Secrecy Act

Answer

Glass-Steagall Act

Answer

Securities Exchange Act

Answer

Dodd-Frank Act

Question 6

What minimum number of employees must a company have for Title VII of the Civil Rights Act to apply?

Accepted Answer

15 employees

Answer

5 employees

Answer

10 employees

Answer

25 employees

Question 7

Under the Clean Water Act, which permit system regulates discharges of pollutants into U.S. waters?

Accepted Answer

NPDES permit

Answer

RCRA permit

Answer

PSD permit

Answer

Title V permit