A business files for bankruptcy with the goal of obtaining relief from creditors so that it can rearrange its financial affairs and continue as a going concern. Which of the following describes this type of bankruptcy proceeding?

A. Debt dismissal bankruptcy

B. Liquidation bankruptcy

C. Reorganization bankruptcy

D. Debt adjustment bankruptcy

Tatiana is the chief executive officer (CEO) of ABC Warehouse, a retail mattress store that has been struggling financially. A week before ABC Warehouse files for bankruptcy, Tatiana sells ten mattresses to her husband at 80% below market value. Which type of fraud scheme has Tatiana MOST LIKELY committed?

A. A fraudulent bankruptcy

B. A planned bustout

C. A concealed transfer

D. A fraudulent conveyance

Greg is serving as an expert witness and is being cross-examined at trial. The questioning party gets Greg to state that he spent considerable time working on a certain issue in the case. Then, the questioning party asks many questions on a tangential issue in the case that Greg knows little about. Which of the following describes the questioning party's method?

A. Myopic vision

B. Personal attack

C. Bias

D. Sounding board

In most countries, employers must provide notice to their employees before they implement an employee monitoring program.

A. True

B. False

Which of the following is NOT an element generally required to establish a claim alleging the common law civil wrong for intentional infliction of emotional distress?

A. The defendant acted intentionally or recklessly.

B. The victim suffered distress as a result of the defendant's conduct.

C. The victim was an employee of the defendant.

D. The defendant engaged in extreme and outrageous conduct.

Which of the following describes the purpose of an expert witness's testimony at trial?

A. To offer an opinion as to a party's guilt or innocence

B. To give a firsthand account of the facts of the case on the record

C. To give an opinion when the fact finder needs specialized knowledge

D. None of the above

Which of the following situations would constitute a violation of the U.S. Foreign Corrupt Practices Act (FCPA)?

A. A private U.S. company pays a $2,000 foreign corporation fee that is required in order to do business within the country.

B. A private U.S. company transfers $100,000 to the sole proprietor of a Brazilian company to influence the award of a commercial imports contract.

C. A private UK company transfers $25,000 to a Chilean public official to influence the award of lucrative overseas contracts.

D. A private U.S. company transfers $45,000 to a foreign official to influence the award of a public construction contract.

Which of the following statements concerning money services businesses (MSBs) is INCORRECT?

A. A check cashing company is classified as an MSB.

B. A currency exchange is classified as an MSB.

C. MSBs are generally less strictly regulated than traditional financial institutions.

D. MSBs tend to have a lower money laundering risk than other financial institutions.

Which of the following statements concerning alternative remittance systems is INCORRECT?

A. Funds are sent and received without the use of traditional financial institutions.

B. The systems are not necessarily illegal.

C. The ledgers used typically contain information regarding payers and payees, such as names and account numbers.

D. The systems are characterized by a lack of physical or digital transfer of currency between payers and payees.

Which of the following is TRUE in regard to authenticating evidence in most common law systems?

A. Digital records cannot be authenticated by testimony from a witness with personal knowledge.

B. For evidence to be authenticated, it must be reviewed and voted on by a jury.

C. The purpose of authentication is to ensure that hearsay is not admitted into evidence.

D. Exhibits that cannot be authenticated will not be admitted, regardless of relevance.