2023 - Bribery Act Test
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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?

  • 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?

  • £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?

  • Written warning
  • Verbal warning
  • Termination of employment (correct)
  • Temporary suspension
  • How long must all records of gifts and inducements be retained by the firm?

    <p>6 years</p> Signup and view all the answers

    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:

    <p>Promotional expenses and travel expenses</p> Signup and view all the answers

    Who does the Bribery Act 2010 apply to?

    <p>All commercial organisations</p> Signup and view all the answers

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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!

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