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7) Ethical corporate behavior is expected to lead to: a. Higher profitability in the short-term b. Higher profitability both in the short-term and long-term c. Lower profitability in the long-term d. Higher profitability in the long-term e. Lower profitability both in the short-term and long-term 8) As a result of the spectacular stock market crash in 1929.the govemment implemented: a, Glass-Sreagali Investment Advisers Act c. The Securities Act of 1933 d. The Securities Act of 1934 e. All of the above 9) The most sweeping change to securities regulation since 1929 was enacted in 2002. What was this legislation? a. Generally Accepted Accounting Principles b. Dodd-Frank Wall Street Reform and Consumer Protection Act. c. Sarbanes-Oxley Act d. Foreign Corrupt Practices Act. e. US Federal Sentencing Guidelines 10)According to your textbook, who or what was ultimately to blame for the failure of Enron? a. Failure of Ken Lay as President and Chaimman of the Board b. Failure of Arthur Anderson as auditor of the company c. Failure of the Board of Directors d. Failure of the Special Purpose Entities to be independent e. Failure of officers Fastow and Skilling 11)How can a company encourage whistleblowers to come forward? a. Online anonymous reporting site b. Employee training c. Code of Conduct d. Only a & c e. All of the above 12) To maintain our license, a CPA must follow the rules of conduct of the: a. IMA. b. State board of accountancy c. AICPA. d. All of the above