Preview

Information Science Quiz Questions

Satisfactory Essays
Open Document
Open Document
5690 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Information Science Quiz Questions
Question 1 of 10
10.0/ 10.0 Points
_____ was just a sophomore when he began building computers in his dorm room at the University of Texas. His firm would one day claim the top spot among PC manufacturers worldwide. A.Bill Gates
B.Michael Dell
Feedback: Yes, Michael Dell was just a sophomore when he began building computers in his dorm room at the University of Texas. His firm would one day claim the top spot among PC manufacturers worldwide. C.Mark Zuckerberg
D.Steve Jobs

Question 2 of 10
10.0/ 10.0 Points
Sergey Brin and Larry Page were both twenty-something doctoral students at Stanford University when they founded:
A.Yahoo!
B.YouTube
C.Google
Feedback: Yes, Sergey Brin and Larry Page were both twenty-something doctoral students at Stanford University when they founded Google.
D.Amazon

Question 3 of 10
10.0/ 10.0 Points
The _____ Act is a piece of U.S. legislation that raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations.
A.Sarbanes-Oxley

Feedback: Yes, the Sarbanes-Oxley Act is a piece of U.S. legislation that raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations.
B.Sherman Antitrust C.Fair Labor Standards D.Norris-LaGuardia

Question 4 of 10
10.0/ 10.0 Points
_____ has more internet users than any other country. A.United States B.China
Feedback: Yes, China has more internet users than any other country. C.United Kingdom D.India

Question 5 of 10
10.0/ 10.0 Points
The _____ problem exists when rivals watch a pioneer’s efforts, learn from their successes and missteps, and then enter the market quickly with a comparable or superior product at a lower cost.
A.fast follower

Feedback: Yes, the fast follower problem exists when rivals watch a pioneer’s efforts, learn from their successes and missteps, and then enter the market quickly with a comparable or superior product at a lower
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Sarbanes-Oxley Act
    • 534 Words
    • 2 Pages

    Sarbanes-Oxley Act

    Senator Paul Sarbanes and Represenatative Michael Oxley partnered to draft the act prior to 2002. Their goal was to develop legislation that would protect consumers, mainly investors, from companies who would fraudulently report accounting numbers to avoid taxes, regulations, or other barriers that kept the company from maximizing it’s profits. The SOX Act holds company CEO's and CFO's responsible for the information presented by their company in financial statements. It created new standards of accountability for corporations as well as penalties of those standards of accountability are not met. SOX established new financial reporting…

    • 534 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Sarbanes-Oxley
    • 1874 Words
    • 8 Pages

    Sarbanes-Oxley

    The Sarbanes-Oxley Act applies to all public companies in the U.S. and international companies that have registered equity or debt securities with the Securities and Exchange Commission as well as the accounting firms that provide auditing services to them. The Act mandated a number of reforms to enhance corporate responsibility, enhance financial disclosures, combat corporate and accounting fraud, and created the "Public Company Accounting Oversight Board," also known as the PCAOB, to oversee the activities of the auditing profession. The Sarbanes-Oxley Act also created new penalties for acts that were unethical, negligent or fraudulent. It hoped to change how corporate boards and executives interacted with each other and with corporate auditors. Its aim is to remove the defense/excuse of "I wasn't aware of or didn't know about the financial issues regarding the company" from CEOs and CFOs. It aims to hold management accountable for the accuracy of the financial statements in order to protect the shareholders and others that rely on those financial statements. The Act also specifies new financial reporting responsibilities,…

    • 1874 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Sarbanes-Oxley Act of 2002
    • 1496 Words
    • 6 Pages

    Sarbanes-Oxley Act of 2002

    Sarbanes-Oxley Act of 2002 is the most far-reaching change in organizational control and accounting regulations since the Securities and Exchange Act of 1934. The new law made securities fraud a criminal offense and made more strict penalties for corporate fraud. The law now requires top executives to sign off on their firms financial reports, and they risk fines and long jail sentences if they…

    • 1496 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Best Essays

    Sarbane-Oxley Act of 2002
    • 3019 Words
    • 11 Pages

    Sarbane-Oxley Act of 2002

    The Act provides for new levels of auditor independence; personal accountability for CEOs and CFOs; additional accountability for corporate Boards; increased criminal and civil penalties for securities violations; increased disclosure regarding executive compensation, insider trading and financial statements; and certification of internal audit work by external auditors.[2]…

    • 3019 Words
    • 11 Pages
    Best Essays
    Read More
  • Satisfactory Essays

    ACCT 301 Week2 Homework
    • 527 Words
    • 3 Pages

    ACCT 301 Week2 Homework

    This act was passed in 2002, prior to then the rules were more relaxed and when the crisis occurred with Enron that was a breaking point for the American people, especially those who lost a lot of money. Needless to say this just made it harder for fraud to occur. There were and still are several grey areas that the players involved exploit.…

    • 527 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    The Sarbanes-Oxley Act
    • 1327 Words
    • 6 Pages

    The Sarbanes-Oxley Act

    The legislation was to redeem the confidence and faith of the public in the capital markets as well as strengthen corporate accounting controls. So far in the political arena, the law has achieved its goals; more people have faith in the stock market (Gilson 5). Nevertheless, in the economic wise, the reports, observation and the trend of life the Act has caused is not pleasing. The Act did create a series of oversight measures as well as increase the sanctions for white collar crimes; frauds and accounting malpractices just to mention a few. This law meant well but economists could not help reflecting on what the implications on the economy that would be as a result of the new law (Gilson 5-6). The Act provides for the establishment of the Public Accounting Oversight Board to supervise the accounting industry to ensure that cases of conflict of interest are not repeated as was in case in the Enron fraud. The Act proscribes auditors from being consultants in the audit works of their clients (Gilson 6). Executives are also not allowed to receive loans from the company they work…

    • 1327 Words
    • 6 Pages
    Better Essays
    Read More
  • Better Essays

    Sarbanes Oxley Act
    • 1315 Words
    • 6 Pages

    Sarbanes Oxley Act

    Sarbanes-Oxley Act of 2002 is one the most significant group of rules administered by government. (Rizvana Zameeruddin, n.d)“Hailed as the most significant change to securities laws since the 1934 Securities Exchange Act, a new penal law, 18 U.S.C. §§1348, an act commonly known as the Sarbanes-Oxley Act of 2002, was signed into law by George W. Bush and became effective on July 30, 2002”. Act includes wide-ranging amendments to legal entities of publicly traded securities. It has been governed by the Securities and Exchange Commission/ SEC, which is the one who decides on time frames and limits on agreements, issues rules on conditions and concerns, and specifies which records will be stored and for how long. (("SOX-online.com," n.d.): “SOX addresses to all public American companies and international companies that registered equity or debt securities with the Securities and Exchange Commission and accounting firms that provide auditing services to them”. It’s a legislation executed in regards to Enron and WorldCom financial scandals in order to secure shareholders and general public from accounting errors and false processes in enterprise. It’s been also designed to refrain and punish all frauds and corruption, by enforcing penalties, and protecting workers and shareholders. Private companies which don’t accomplish all SOX standards may deal also with difficulty in raising capital, civil liability, or even loss of customers and investors. Formed to correct aspect of financial reporting, auditing, and any accounting activities for public companies, and marked in A New Ethic of Corporate Responsibility, (Rizvana Zameeruddin , n.d.):“The Act creates a Public Company Accounting Oversight Board to enforce professional standards, ethics, and competence for the accounting profession. It enhances and stabilizes independence of firms auditing public companies, increases corporate responsibility and usefulness or…

    • 1315 Words
    • 6 Pages
    Better Essays
    Read More
  • Good Essays

    Effect of Unethical Behavior Article Analysis
    • 597 Words
    • 3 Pages

    Effect of Unethical Behavior Article Analysis

    As a result of several confidence shaking investor accounting scandals that occurred during the late 90s which involved high profile corporations such as Enron, WorldCom and Tyco, a much required overhaul regarding financial statements and regulatory standards laid the foundation for the Sarbanes-Oxley Act. This act is making the accounting world more accessible to others for auditors to come in and help in checking the books. It will hold the executives and directors accountable for the internal controls of the company especially with the threat of imprisonment if the internal controls are not maintained.…

    • 597 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    The Factors of a Good Fraud Examiner
    • 941 Words
    • 4 Pages

    The Factors of a Good Fraud Examiner

    After the Enron and WorldCom business climate, there came a new US federal law called Sarbanes – Oxley Act. The SOX contains 11 titles that describe specific mandates and requirements for financial reporting. It makes corporate executives more accountable for their actions. Companies invested a tremendous amount of resources, time, and effort in order to comply with the requirements. It clearly improved the internal control environment and its ongoing continuity, but it has its limitations.…

    • 941 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    The Sarbanes-Oxley Act of 2002
    • 4791 Words
    • 17 Pages

    The Sarbanes-Oxley Act of 2002

    Background on the Sarbanes-Oxley ActThe Sarbanes-Oxley Act was named after co-creators Senator Paul Sarbanes of Maryland and Representative Michael Oxley of Ohio. It was passed by congress in an attempt to restore confidence in American corporations after the multi-billion dollar scandals at Enron and WorldCom as mention above. The Act:•Creates a Public Company Accounting Oversight Board (PCAOB), to enforce professional standards, ethics, and competence for the accounting profession;•Strengthens the independence of firms that audit public companies;•Increases corporate responsibility and usefulness of corporate financial disclosure;•Increases penalties for corporate wrongdoing;•Protects the objectivity…

    • 4791 Words
    • 17 Pages
    Powerful Essays
    Read More
  • Better Essays

    Sarbanes Oxley Act
    • 1338 Words
    • 6 Pages

    Sarbanes Oxley Act

    The first and most important part of the Act establishes a new agency private non-profit, "the Public Company Accounting Oversight Board," i.e., a company responsible for reviewing regulatory, regulate, inspect and penalize companies for audit. Act also refers to the independence of the audit, corporate governance and financial transparency. It is considered one of the most significant changes in corporate law, from the "New Deal" of 1930.…

    • 1338 Words
    • 6 Pages
    Better Essays
    Read More
  • Better Essays

    Sarbanes Oxley
    • 6282 Words
    • 26 Pages

    Sarbanes Oxley

    The act contains 11 titles, or sections, ranging from additional corporate board responsibilities to criminal penalties, and requires the Securities and Exchange Commission (SEC) to implement rulings on requirements to comply with the law. Harvey Pitt, the 26th chairman of the SEC, led the SEC in the adoption of dozens of rules to implement the Sarbanes–Oxley Act. It created a new, quasi-public agency, the Public Company Accounting Oversight Board, or PCAOB, charged with overseeing, regulating, inspecting and disciplining accounting firms in their roles as auditors of public companies. The act also covers issues such as auditor independence, corporate governance, internal control assessment, and…

    • 6282 Words
    • 26 Pages
    Better Essays
    Read More
  • Powerful Essays

    Federal Law Research
    • 2261 Words
    • 10 Pages

    Federal Law Research

    The act contains 11 titles, or sections, ranging from additional corporate board responsibilities to criminal penalties, and requires the Securities and Exchange Commission (SEC) to implement rulings on requirements to comply with the law. Harvey Pitt, the 26th chairman of the SEC, led the SEC in the adoption of dozens of rules to implement the Sarbanes–Oxley Act. It created a new, quasi-public agency, the Public Company Accounting Oversight Board, or PCAOB, charged with overseeing, regulating, inspecting and disciplining accounting firms in their roles as auditors of public companies. The act also covers issues such as auditor independence, corporate governance, internal control assessment, and enhanced financial disclosure. The nonprofit arm of Financial Executives International (FEI), Financial Executives Research Foundation (FERF), completed extensive research studies to help support the foundations of the act.…

    • 2261 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    forensic
    • 266 Words
    • 1 Page

    forensic

    Sarbanes-Oxley Act a complex U.S congressional act that added and changed many laws aimed mainly at preventing and punishing various types of financial statement fraud among public companies. The act was originally passed in response to a wave of major corporate scandal, including Enron and WorldCom, and to a wave of bankruptcies related to the 2001. It also imposes requirements that affect every single business process in the organization that feeds into the financial statement. By some estimates, section 404 first-year compliance mandated all publicly traded companies average $ 2 million, and these costs were as much as $ 30 million for large corporation such as GE. In effect, SOX’s main effect on criminal liability is not to create new crimes but to increase penalties for crimes such as mail and wire fraud, which were increased from 5 to 2 years in prison, for example.…

    • 266 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Landscaping Persuasive Jobs
    • 342 Words
    • 2 Pages

    Landscaping Persuasive Jobs

    Some of the world's most famous and profitable businesses were started by students. Microsoft began in Bill Gates' Harvard dorm room, Google got its start on the Stanford campus as the computer science project of doctoral students Sergey Brin and Larry Page and thousands of other student companies thrive in every industry.…

    • 342 Words
    • 2 Pages
    Satisfactory Essays
    Read More

Related Topics