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Questions and Answers
Which of the following items does not require formal approval if it has a monetary value of less than £100?
Which of the following items does not require formal approval if it has a monetary value of less than £100?
- Wine (correct)
- Business Luncheon
- Travel costs to cover attendance of a training course regarding a firm’s products and services (UK only)
- Marketing Allowances where a tangible service can be defined
What is the minimum value for a gift or item that requires formal approval from the Compliance Officer?
What is the minimum value for a gift or item that requires formal approval from the Compliance Officer?
- £50
- £100 (correct)
- £125
- £75
What is the consequence of an individual within the firm procuring another person to enter into a transaction with a view to circumventing the rules?
What is the consequence of an individual within the firm procuring another person to enter into a transaction with a view to circumventing the rules?
- Written warning
- Verbal warning
- Termination of employment (correct)
- Temporary suspension
How long must all records of gifts and inducements be retained by the firm?
How long must all records of gifts and inducements be retained by the firm?
Under the Bribery Act 2010, a bribe is defined as giving someone a financial or other advantage to encourage that person to perform their functions or activities improperly or to reward that person for having already done so. This includes all of the following EXCEPT:
Under the Bribery Act 2010, a bribe is defined as giving someone a financial or other advantage to encourage that person to perform their functions or activities improperly or to reward that person for having already done so. This includes all of the following EXCEPT:
Who does the Bribery Act 2010 apply to?
Who does the Bribery Act 2010 apply to?
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Description
Test your knowledge on the Bribery Act 2010 and its procedures. This quiz covers the background of the Act, its impact on commercial organisations, and the definition of bribery. Find out if you're up to date on this important legislation!
