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Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition

Last Update 23 hours ago Total Questions : 110

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Question # 31

Which of the following regarding Orange County is FALSE?

A.

Bob Citron engaged in risky strategies to benefit personally

B.

Bob Citron tried to " ride the yield curve "

C.

Bob Citron heavily leveraged his positions using repos

D.

Citron ' s losses were eventually exposed by massive margin calls

Question # 32

Which of the following was NOT a factor in the WorldCom collapse?

A.

Failed corporate governance

B.

Accounting abuses

C.

Unfair pricing to customers

D.

Over stating actual sales

Question # 33

While doing a work assignment, a PRMIA member notices behaviour that is outside the ethical standards of their client organization and reports the matter to their immediate supervisor in the organization (if he or she wasn ' t the one engaging in such behaviour). The matter is neither progressed nor actioned.

The PRMIA member should:

A.

stay silent on the basis that they have reported it

B.

report the matter to their PRMIA chapter

C.

contact the Whistle-Blowing Hotline of the organization or, if none exits, to the PRMIA Ethics Committee for guidance and assistance

D.

report the matter to the organization ' s Compliance Dept.

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