FP1 Final Exam Rev. Part 4

FP1 Final Exam Rev. Part 4

Assessment

Flashcard

Financial Education

11th Grade

Hard

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27 questions

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1.

FLASHCARD QUESTION

Front

The two main sources of revenue used to pay the costs of government regulation are:

Back

taxes and borrowing.

2.

FLASHCARD QUESTION

Front

One of the positive effects that government regulation has on companies is that many of the laws are intended to provide companies with:

Back

choices.

3.

FLASHCARD QUESTION

Front

One of the main provisions of the Gramm-Leach-Bliley Act requires financial institutions to:

Back

protect the privacy of consumer personal monetary information.

4.

FLASHCARD QUESTION

Front

Which federal agency is responsible for collecting complaints about identity theft and also prevents fraudulent, deceptive, and unfair business practices?

Back

Federal Complaint Commission

5.

FLASHCARD QUESTION

Front

Which company policy is designed to protect the confidential information of the business? Options: Privacy Policy, Confidentiality Agreement, Code of Conduct, Employee Handbook

Back

Confidentiality Agreement

6.

FLASHCARD QUESTION

Front

Documents should never be marked “confidential” to avoid drawing attention to them.

Back

False

7.

FLASHCARD QUESTION

Front

Confidential documents should be kept in locked cabinets or rooms.

Back

True

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