010: Quiz - Antitrust Law Violations - Learn at Compliance Mitigation

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Question 1 of 8

1. Question
Argos USA faced criminal liability for which of the following reasons:
- a. Because it was owned by a large, international Columbian parent with ties to drug cartels.
- b. Because a small number of employees in a small office engaged in a conspiracy to raise prices for customers.
- c. Because they failed to properly pay taxes in connection with its acquisitions.
- d. All of the above.
Question 2 of 8

2. Question
Argos USA elected to settle its case with the government instead of fighting the government in court at trial for which of the following stated reasons:
- a. They knew Georgians disliked companies with international parents.
- b. Their lawyers mistakenly explained to management that the company was facing treble damages should it lose.
- c. In order to receive a large government contract supplying the construction of a new Federal building.
- d. Fear of mounting evidence, and the costs and uncertainties of going to trial.
Question 3 of 8

3. Question
Argos USA was fined just over $20 million based upon which of the following reasons:
- a. It represented the number of people impacted by the price-fixing scheme.
- b. It was based on the volume of commerce done by the company during the period of time in question.
- c. It was a prime number.
- d. It was the exact amount of the total salaries paid out to Argos USA executives in the previous year.
Question 4 of 8

4. Question
Which of the following provides the best explanation as to why compliance is often disregarded within a company?
- a. Compliance departments recruit employees from less well-known colleges and universities.
- b. Compliance officers are considered a huge pain in the butt.
- c. Compliance does not fit in a neat and easily definable box on business ledgers.
- d. None of the above.
Question 5 of 8

5. Question
Which of the following statements best describes the scenario Argos USA found itself in as a result of its acquisition spree:
- a. A regional investment bank failed to provide appropriate due diligence leading to criminal charges against corporate management.
- b. An international law firm inadequately advised Argos USA in its mergers leading to a civil liability lawsuit from a corporate whistleblower.
- c. The company owed a large sum in unpaid taxes as a result of non-payment by a former owner of the companies it acquired.
- d. A small number of employees in a small office acting illegally leading to a huge fine for the company.
Question 6 of 8

6. Question
Price-fixing is the process engaged in by a corporate monopoly in order to reduce the cost of materials it uses for producing products.
- a. True.
- b. False.
Question 7 of 8

7. Question
Willful blindness comes at a price. While Argos USA management got off relatively lightly in this instance it’s highly unlikely that the company and management will be treated as leniently in the future should the same or a similar issue arise again in the future.
- a. True.
- b. False.
Question 8 of 8

8. Question
Argos USA agreed to cooperate with government investigators and enhance its compliance and antitrust programs in connection with its settlement with the government.
- a. True.
- b. False.

010: Antitrust Law Violations

010: Quiz – Antitrust Law Violations

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