GOVT-110 Study Guide - Midterm Guide: Appellate Jurisdiction, Bicameralism, Voting Age
Document Summary
Get access
Related Documents
Related Questions
QUESTION 8
Which of these powers are exclusive to the national government?
A. | Regulate commerce between states. | |
B. | Establish an Army and a Navy. | |
C. | Issue driver's licenses. | |
D. | Only states can issue driver's licenses! But the other two are federal powers. |
5 points
QUESTION 9
Which statement is NOT a function of political parties?
A. | Recruits candidates for public office | |
B. | Support a single cause | |
C. | Select candidates to run in elections | |
D. | Educate voters |
5 points
QUESTION 10
According to John Locke, there exists _____ between the governed and the governing.
A. | an understanding | |
B. | a contract | |
C. | a moral obligation | |
D. | a grudge match |
5 points
QUESTION 11
The British increased taxes on the colonists to help pay for _____.
A. | wars against Napolean. | |
B. | the French and Indian War. | |
C. | maintenance of trade routes the West Indies. | |
D. | those red uniforms. |
5 points
QUESTION 12
The Constitution may not be amended.
True
False
5 points
QUESTION 13
The Anti-Federalists feared that the new government was being given too much power.
True
False
5 points
QUESTION 14
American citizens do not vote directly for the president. Citizens vote for electors who cast their ballots in the Electoral College. There are 538 electors which is the sum of ______________.
A. | 100 Representatives, 435 Senators and 3 electors for the District of Columbia. | |
B. | 100 Senators and 438 Representatives. | |
C. | 100 Senators, 435 Representatives and 3 electors for the District of Columbia. | |
D. | 100 Representatives, 435 Senators and 3 at large votes. |
5 points
QUESTION 15
Which of these is true about the first American militias?
A. | Soldiers were expected to bring their own rifles. | |
B. | Enlistments were generally for less than a year. | |
C. | Soldiers were not from lower classes. They were primariy artisans, workers or sons of landowning families. | |
D. | All of the above are true about the first American militias. |
5 points
QUESTION 16
Soldiers from low income homes were motivated by the financial prospects of military service. These enlistees saw the militia as a way of earning income to buy land and subsequently gain independence from their family. Many of them sent money home while they were serving their enlistment.
True
False
5 points
QUESTION 17
The power of the judicial branch to determine if laws are constitutional or not was first defined in Marbury v. Madison.
True
False
5 points
QUESTION 18
In 1870, the 15th Amendment gave the right to vote to all men, including former male slaves.
True
False
5 points
QUESTION 19
Match the President with his famous decision:
|
|
5 points
QUESTION 20
Match the special interest group with its special interest
|
|
Required: After reading the Bye, Bye SOX? Article comment on the issue of small business compliance with Section 404 of SOX
Bye, Bye, SOX? | |
The Sarbanes-Oxley Act (SOX) | SOX compliance has been extended |
may be declawed by upcoming | four times, but they wonât need to |
U.S. Congress and | comply at all if the Garrett-Adler |
Supreme Court decisions. | amendment makes it to the Senate |
The House of Representatives | floor as a standalone bill. |
recently voted to approve the | SOX also established the |
Garrett-Adler amendment, which | PCAOB to oversee and regulate |
would exempt small companies | audit firms. PCAOB operates under |
from SOX Section 404 provisions, | the supervision of the Securities |
while the Supreme Court is considering | and Exchange Commission (SEC), |
the constitutionality of the | which also appoints PCAOB members. |
Public Company Accounting Oversight | It is funded by fees charged to |
Board (PCAOB). | audited firms. When it was established, |
These developments may have | Congress wanted the board |
long-term implications for SOX, the | to be separate, with its own funding |
2002 legislation passed in the wake | stream, and outside normal civil |
of the Enron, WorldCom, and Tyco | service laws so it could attract |
scandals. The outcomes may also | highly qualified specialists. PCAOB |
have implications for records managers, | membersâ salaries are more than |
information technology specialists, | $500,000 and are reviewed by the |
and compliance officers | SEC. |
who devise and implement company | Pro-business advocates, represented |
controls. | by the Free Enterprise |
Section 404 of SOX requires | Fund, argue that the PCAOBâs governance |
company auditors to attest to the | structure is unconstitutional |
soundness of the firmâs internal | because it is an independent |
controls and financial statements. | agency that does not allow for the |
Internal controls may include anything | president to appoint members. Additionally, |
from transaction approval authorizations | because only the president |
to records retention | can remove SEC commissioners |
programs. This provision is widely | for cause, and because |
blamed for an increase in auditorsâ | the SEC can only remove PCAOB |
fees, as well as increased expenditures | members for cause, some court |
to ensure that proper internal | members believe this is a formerly |
controls are in place. | unrecognized limit of the presidentâs |
Small firms â those with | powers that may contradict |
less than $75 million in | the constitution. |
market capitalization | The Supreme Court will take up |
â have protested that | the issue soon, and some legal experts |
compliance with SOX 404 would | believe that SOX could be |
cost them a disproportionate share | abolished completely if the court |
of their earnings. The complaint is | rules the PCAOB unconstitutional. |
supported by an independent study | |
conducted at Pennsylvania State | |
University, which showed that | |
firms just over the $75 million | |
mark paid nearly $700,000 more in | |
audit fees and had average earnings | |
of negative $1.4 million in 2004 |