FERC: SOC Compliance Training Test! Trivia Quiz

10 Questions | Total Attempts: 94

SettingsSettingsSettings
Please wait...
FERC: SOC Compliance Training Test! Trivia Quiz

Below is a Ferc: SOC Compliance Training Test! It is perfect for helping you see just how much you know about how to the standard of conduct that is expected of you when it comes to the SOC. Do give it a try, and be sure to check out other tests like this to perfect your skills. All the best!


Questions and Answers
  • 1. 
    Compliance with the SOC is required by the:
    • A. 

      Securities and Exchange Commission

    • B. 

      U.S. Department of Transportation

    • C. 

      Federal Energy Regulatory Commission

  • 2. 
    Which of the following is NOT a SOC principle?
    • A. 

      Independent Function Rule

    • B. 

      Transparency Rule

    • C. 

      No Conduit Rule

    • D. 

      Marketing Rule

  • 3. 
    Non-discrimination Rule indicates:
    • A. 

      There is some leeway in adherence to the tariff.

    • B. 

      Transmission and distribution customers must be treated equally.

    • C. 

      Public postings of day-today operations are only needed for marketing employees.

    • D. 

      Marketing employees must give preferential treatment to Transmission Function Employees.

    • E. 

      All of the Above

    • F. 

      None of the Above

  • 4. 
    Transparency Rule indicates:
    • A. 

      Information postings and disclosures on the website will be transparent.

    • B. 

      Information postings and disclosures on the website are not time sensitive.

    • C. 

      All transmission function activities must be posted on the website.

    • D. 

      All of the Above

  • 5. 
    The Standard of Conduct Applicability includes:
    • A. 

      Fair treatment of all customers.

    • B. 

      Information postings on the Electronic Bulletin Board (EBB) be clear, accurate and timely.

    • C. 

      Information posted on the EBB is public.

    • D. 

      A and B Only

    • E. 

      All of the Above

  • 6. 
    Granite plans to perform maintenance on the pipeline. What is Granite's obligation?
    • A. 

      Granite must notify all customers via the EBB.

    • B. 

      Granite must only notify the company's Marketing Function Employees.

    • C. 

      Granite can perform the maintenance without any notifications.

    • D. 

      A and B Above

  • 7. 
    Northern, an affiliated natural gas distribution company, contacts Granite regarding maintenance posted on the Electronic Bulletin Board.  Can Granite respond without violating SOC?
    • A. 

      Yes

    • B. 

      No

    • C. 

      Only if Granite notifies all customers of its affiliation with Northern.

  • 8. 
    Granite can provide non-public information to:
    • A. 

      Non-affiliated companies

    • B. 

      Affiliated companies

    • C. 

      Both affiliated and non-affiliated companies

    • D. 

      None of the Above

  • 9. 
    Information posted on the EBB must be clear, accurate and
    • A. 

      Timely

    • B. 

      Transparent

    • C. 

      PDF Version Only

    • D. 

      None of the Above

  • 10. 
    The Gas Controllers are                                                     Function Employees
    • A. 

      Systems Operations

    • B. 

      Transmission

    • C. 

      Marketing

    • D. 

      None of the Above

Back to Top Back to top