CCM Regulatory Frameworks and Legal Compliance

Question 1

Which of the following laws primarily addresses data protection and privacy in the European Union?

Accepted Answer

GDPR

Answer

HIPAA

Answer

SOX

Answer

FCPA

Question 2

What is the main objective of the Sarbanes-Oxley Act (SOX)?

Accepted Answer

Improve corporate financial accountability

Answer

Prevent cyberattacks

Answer

Ensure environmental protection

Answer

Limit executive compensation

Question 3

Which U.S. law focuses on preventing bribery of foreign officials?

Accepted Answer

FCPA

Answer

GDPR

Answer

FERPA

Answer

Dodd-Frank Act

Question 4

What is the primary purpose of compliance with anti-money laundering (AML) regulations?

Accepted Answer

Prevent misuse of financial systems

Answer

Encourage higher profits

Answer

Allow tax deductions

Answer

Promote digital banking

Question 5

Which agency enforces compliance with securities laws in the United States?

Accepted Answer

SEC

Answer

IRS

Answer

FBI

Answer

FINRA

Question 6

What is a key requirement under the Health Insurance Portability and Accountability Act (HIPAA)?

Accepted Answer

Secure and protect patient health data

Answer

Provide lifetime insurance coverage

Answer

Disclose medical records publicly

Answer

Limit electronic health records