Asset Protection and Misappropriation Quiz

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What is the primary reason for accurate and timely preparation of business records and documents related to expenses incurred by employees on behalf of the Company?

To create unnecessary paperwork for employees

To avoid civil and criminal liability for individuals and NNPC Limited (correct)

To impress stakeholders with meticulous record-keeping

To increase the Company's profits

What is the expectation regarding the use of NNPC Limited’s assets to accomplish its business purposes?

Obtain permission before using any assets

Use assets without considering their relevance to the business purposes

Only use assets if they are directly related to the assigned tasks (correct)

Use any assets available, regardless of their purpose

What is the consequence of intentionally making a false or misleading entry in a report, record, or expense claim?

Approval and commendation from NNPC Limited

No consequence, as it is common in business practices

Monetary reward for creativity

Possible disciplinary action or legal consequences (correct)

What is the expected behavior regarding the use and transfer of NNPC Limited’s assets?

Compliance with specific restrictions placed on the use and transfer of assets (B) Signup and view all the answers

Why is it important for employees to devote necessary time to their work in order to fulfill their responsibilities?

To fulfill the responsibilities and expectations of the Company (D) Signup and view all the answers

What is the consequence of concealing, altering, destroying, or tampering with documents relating to actual, pending, or threatened litigation?

Potential legal implications and penalties (D) Signup and view all the answers

What does misappropriation of confidential information in violation of the rights of others refer to?

Unauthorized use or disclosure of confidential information (D) Signup and view all the answers

What does it mean to respect the intellectual assets of others?

Infringe valid patents, trademarks, or copyrights of others (B) Signup and view all the answers

What should employees do regarding their work hours if they are required to record the hours they work?

Record time worked truthfully and accurately (C) Signup and view all the answers

What is the expectation if an employee wants to use NNPC Limited’s assets for business purposes?

Obtain the appropriate permission for the use of NNPC Limited’s assets (A) Signup and view all the answers

What should employees do regarding the alteration or destruction of the Company’s records or documents?

Do not conceal, alter, destroy or modify the Company’s records or documents except as authorized in accordance with established standards and guidelines (C) Signup and view all the answers

What is considered as misappropriation of assets according to the text?

Theft of office supplies for personal use (C) Signup and view all the answers

Which of the following is NOT listed as an example of misappropriation of assets in the text?

Proper use of intellectual property for personal gain (A) Signup and view all the answers

What is expected from every stakeholder regarding NNPC Limited's assets according to the text?

Reporting any misuse or damage to company's property and equipment (D) Signup and view all the answers

What are employees personally responsible for according to the text?

Using company assets in responsible ways (A) Signup and view all the answers

Which of the following is considered as misuse of NNPC Limited's assets according to the text?

Unauthorized sale of NNPC Limited's property (B) Signup and view all the answers

Which of the following is NOT included as one of NNPC Limited’s assets according to the text?

Personal employee records (D) Signup and view all the answers

What should employees do when they see something going wrong with NNPC Limited’s assets?

Report any misuse or damage to the company's property and equipment (B) Signup and view all the answers

What is the purpose of securing and protecting NNPC Limited’s assets according to the text?

To preserve their value and advance NNPC Limited’s business purposes and goals (B) Signup and view all the answers

What are employees entrusted with according to the text?

Safeguarding company assets from waste, loss, damage, misuse, misappropriation, or infringement (A) Signup and view all the answers

Which of these is considered as misappropriation of NNPC Limited’s assets according to the text?

Embezzlement of funds (B) Signup and view all the answers

What does NNPC Limited expect from employees regarding its assets according to the text?