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Failing to anticipate a drop in the consumer demand of the company’s product<br />
Failing to react appropriately to a severe rise in the prime interest rate<br />
Failing to predict a raw materials shortage resulting from a natural disaster<br />
Failing to predict the startup of a new competitor<br />
12.) In order to prevent and clear hazardous wastes that increase mortality or<br />
serious illness, the federal government established a specific method to finance the<br />
cleaning of polluted areas by enacting what statute?<br />
The Comprehensive Environmental Response, Compensation, and Liability Act<br />
The Superfree Act<br />
The Toxic Substances and Control Act<br />
The Insecticide, Fungicide, and Rodenticide Act<br />
13.) The Sarbanes-Oxley Act prohibits publicly traded companies from making<br />
personal loans to whom?<br />
Its executive officers or directors<br />
Its majority shareholders<br />
Its certified public accountants<br />
Its legal counsel<br />
14.) Officers of a corporation typically can have which types of agency authority<br />
to bind the corporation?
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