Personal Financial Disclosure (Form 700) Quiz
Please select the correct answers below. You will need 100% to pass. Good luck!
Form 700s are legally required by state law under which Act?
A. Government Disclosure Act
B. Political Reform Act
C. Ethical Public Servants Act
What is the formal name for the Form 700?
A. Statement of Financial Investments
B. Statement of Economic Investments
C. Statement of Economic Interests
When does a Form 700 need to be completed?
A. Within 30 days of assuming an office, annually thereafter by April 1, and within 30 days
of leaving an office or retiring
B. Only when your supervisor asks you to complete one
C. Just annually by the April 1st deadline
Which of the following is not permitted under state law as a way to submit a Form 700 filing?
A. Submitting the Form 700 by mail
B. Submitting the Form 700 via fax or email
C. Submitting the Form 700 in person
Which of the following never has to be disclosed on a Form 700 filing?
A. SEC Mutual Funds or PERS/STRS accounts
B. Spouse or domestic partner's income
C. Gifts that you have received from individuals or entities you work with through LAUSD
What is the main purpose behind the Form 700s?
A. To ensure that the people of California are represented by officials who have nothing to hide
B. To ensure that public officials avoid conflicts between their personal and official capacities
C. To ensure that public officials have a confidential way to document their financial holdings in
the event of allegations about conflicts
Which document tells you whether your position requires you to be a filer and what your disclosure category is?
A. Filing Notification Letter
B. Form 700
C. Conflict of Interest Code
According to the video, what artist's painting captures the feeling of intimidation that many first time filers might experience when they first see the many pages of a Form 700?
A. Pablo Picasso's "Guernica"
B. Edvard Munch's "The Scream"
C. Frida Kahlo's "El Sueño"
How does a Form 700 serve as a self-assessment tool?
A. Filers can use the form to ensure that they steer clear of any LAUSD work relating to
interests that they have disclosed
B. Filers can use the form to absolve themselves of any conflicts by showing that they had
disclosed the interests
C. Filers can use the form with their tax accountants to see if there are any conflicts
Which of the following is NOT an ongoing responsibility for you as a filer once you have completed a Form 700?
A. Staying vigilant to safeguard against conflicts in you LAUSD work
B. Tracking any gifts, payments or investments for the next Form 700
C. Sketching a picture of the Mona Lisa to show how happy you are to have completed the