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- 1. Multiple Choice
In antitrust cases, forensic accountants may be asked to evaluate whether or not a company
Engaged in predatory pricing.
Sold its products for a loss.
Engaged in any illegal accounting practices.
Violated the Foreign Corrupt Practices Act.
- 2. Multiple Choice
When evaluating whether or not a company engaged in predatory pricing, the forensic accountant must determine if the company:
Sold its products or services below total cost.
Ever incurred a loss during the period of time covered by the case.
Engaged in any illegal activities.
Sold its products or services below its average variable costs.
- 3. Multiple Choice
As a general rule it can be stated that:
Association and causation are two terms that mean the same thing as regression-correlation analysis.
Correlation shows association but does not prove causation.
Regression analysis shows causation and correlation analysis proves causation.
All of the above are correct.
- 4. Multiple Choice
Qui tam suits are brought by:
The government against violators of the Federal False Claims Act.
A corporation against another corporation under the Federal False Claims Act.
A private citizen on behalf of the federal government.
Employers against former employees.
- 5. Multiple Choice
Federal False Claims Act cases are particularly logical places to find forensic accountants because:
Federal False Claims Act cases tend to deal with contracts that are cost-based or contracts that have a lot of accounting issues involved.
Such cases have a lot of documents to evaluate.
There are always antitrust issues in such cases.
Government attorneys really like forensic accountants.
- 6. Multiple Choice
Accounting experts may have a larger role to play in antitrust cases because:
The dollar amounts of damages are very large.
There are several levels of the litigation process that antitrust cases must go through.
Interstate commerce is typically involved in the case.
Accounting experts may testify about cost behavior and its impact on whether or not predatory pricing has occurred.
- 7. Multiple Choice
A company is assumed to be engaged in predatory pricing if:
The company is making money but its profits have been steadily falling for a period of time.
The company prices its products or services below its total product costs.
The company prices its products or services below its average fixed costs.
None of the above.
- 8. Multiple Choice
Plaintiffs in patent infringement cases tend to sue the defendant in the case because:
The plaintiff has lost sales and profits.
The plaintiff losses its monopoly on the product or production process granted by the patent.
The defendant gains a bigger market share because of the patent infringement.
All of the answers above are correct.
- 9. Multiple Choice
One of the common points of dispute in licensing agreements is:
Whether or not the licensing agreement has been registered with the U.S. Copyright Office.
The defendant extending the licensing agreement to products, services, or events that are not covered by the agreement.
Whether or not to seek statutory damages rather than actual damages.
All of the above are correct.
- 10. Multiple Choice
When using the "cost of the next best alternative" in estimating damages in an intellectual property case one of the major challenges is
determining what the next best alternative is.
determining the actual value of the patented item.
finding information technology that fits the cost measurement process.
all of the answers above are correct.
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