FNAN 522 MIDTERM Exam 1_FNAN522 Exam I MIDTERM Questions and Answers.

FNAN522-020_860-Question 2 Correct Mark 1.00 out of 1.00 Question 3 Correct Mark 1.00 out of 1.00 What is the primary goal of the Sarbanes-Oxley act according to the Module 1 video "The Goal of Financial Management"? Select one: a. To help maintain a primary bull market. b. To prevent a secular bear market. c. To protect corporate executives from frivolous shareholder lawsuits. d. To protect investors from corporate abuse. The correct answer is: To protect investors from corporate abuse. Which of the following is an accurate characteristic of a sole proprietorship? Select one: a. There is more than one owner. b. The owner is personally liable for the business's debt and obligations. c. The owner must file a separate tax return for the business. d. A sole proprietorship typically elects board members for staggered terms.