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Last Updated: Jun 21, 2026
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1. Under the World Bank Principles for Effective Insolvency and Credit/Debtor Regimes (World Bank Principles), which of the following parties should administer the debtor ' s estate in liquidation bankruptcy proceedings?
A) An independent insolvency representative
B) The jurisdiction ' s commerce department or equivalent agency
C) The creditor with the largest claim against the debtor
D) The debtor, supervised by an independent insolvency representative
2. Which of the following is generally NOT one of the goals of deferred prosecution agreements?
A) To allow prosecutors to resolve a case while still punishing malfeasance
B) To get an organization to reform its policies
C) To postpone prosecution until a company conducts an extensive internal investigation
D) To reduce the risk of illegal practices at an organization
3. Lorna is an employee at Victorian Inc., a private company in a jurisdiction in which the public has the legal right to be free from unreasonable search and seizure by government authorities. Management suspects that Lorna is misappropriating funds from the company, so it instructs Charlie, an investigator employed by Victorian, to search Lorna's company-issued laptop. Charlie finds incriminating evidence on Lorna's laptop and gives it to law enforcement. However, by failing to obtain a search warrant before conducting his search, Charlie violated Lorna's rights.
A) True
B) False
4. Samson Inc. operates in a jurisdiction that prohibits unreasonable workplace searches and surveillance in areas or items where employees have a reasonable expectation of privacy. In which of the following areas or items can an employee at Samson Inc. most likely have a reasonable expectation of privacy during a workplace search?
A) A desk drawer in a communal workspace
B) A personal mobile phone brought to the office from home
C) A laptop computer that was issued by Samson Inc.
D) A recycling bin in the employee's office
5. Management at XYZ Org suspects that Raul, an employee in charge of selecting venues for company events, has a conflict of interest. For XYZ Org ' s conflict-of-interest claim to be actionable, which of the following scenarios must be true?
A) Raul must have received a direct financial benefit due to the alleged conflict.
B) Raul must have breached the duty of fidelity that he owed to XYZ Org.
C) Raul must have informed the organization that he had a personal or economic connection to one or more of the venues.
D) Raul must have failed to disclose that he had a personal or economic interest in a matter that could influence his professional role.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |
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