Understanding FOCI Questions and Answers 100%

Understanding FOCI Questions and Answers 100% Question 2 of the SF 328 asks about the company's ownership of foreign interests through stock or other corporate ownership. The question should be answered "yes" if a company owns ___ percent or more of any foreign interest. 10 One of the FOCI factors that must be identified is any record of economic and Government espionage against U.S. Targets. TRUE Which of the FOCI action plans below requires the most separation between the cleared company and the foreign owner? Board Resolution X Which of the following is an example of when FOCI can be locally adjudicated? KMP representation on foreign boards The Annual Compliance Certification must be received by the Field Office 30 days before the Annual Compliance Meeting X The Annual Implementation and Compliance Report must be received by the Field Office: 30 days before the Annual Compliance Meeting CFIUS review examines which of the following transactions? Mergers, acquisitions, and takeovers If a FOCI action plan is necessary, the ___________ recommends a mitigation instrument. FOCI Division Which of the following is an example of when FOCI is adjudicated at the headquarters level? Foreign control of the company Who submits the SF 328 for uncleared U.S. parent companies above the highest-tiered cleared entity? The highest-tiered uncleared parent There are two parts to both the Initial Meeting and the Annual Compliance Meeting. TRUE A company is at risk for FOCI if any of its Key Management Personnel are foreign persons or are board members or consultants for foreign entities. TRUE A(n) _______________________ puts in place policies and procedures regarding effective oversight of communications, including telephones, teleconference, video conference, facsimiles, cell phones, and PDAs Electronic Communications Plan (ECP) A company operating under a Special Security Agreement (SSA) is in the process of obtaining a new Facility Clearance (FCL) and will need access to proscribed information. DCSA will not grant the FCL until the ___________________ has been obtained. National Interest Determination (NID) Items that will be discussed with the GSC during the Annual Compliance Meeting include: a. Significant results from the annual review of cleared divisions/subsidiaries b. Security vulnerabilities and enhancements c. Results of the annual review d. All of the above During the initial meeting, DCSA representatives will provide the company with advice regarding how to develop and implement procedures and policies TRUE The most restrictive mitigation agreement that can be imposed on a company is a: Voting Trust Agreement As a general practice, DCSA conducts team reviews as part of the annual review at FOCI signatory companies. TRUE Foreign indebtedness, such as loan agreements, should be analyzed to determine: a. The conditions upon which the cleared company will be declared in default b. The foreign bank or entity involved with the loan c. Whether assets of the cleared company were pledged in loans to foreign entities d. All of the above When a company is considered to be under FOCI, the following is true: It is under the power, direct or indirect, of a foreign interest A company may be granted a facility clearance if the risk of FOCI can be ________ in conformity with the national interest mitigated