15 Questions
Which of the following best describes a conflict of interest?
A situation where an individual's personal interests conflict with their professional duties
What is one of the key elements of ESG principles in sourcing activities?
Adherence to sustainable practices
What is the potential consequence of a conflict of interest?
Unethical or inappropriate actions
Which organization is responsible for defining a broad range of fundamental human rights and freedoms?
United Nations
What is the purpose of transparency in managing conflicts of interest?
To maintain trust and integrity
What can be the consequences of a conflict of interest in business transactions?
Higher costs and potential delays
What are human rights?
Basic rights and freedoms to which all individuals are entitled
Which organization conducts research into potential human rights abuses, lobbies governments to uphold human rights, and runs campaigns to raise awareness of human rights violations?
Amnesty International
What is the term for contemporary forms of enslavement that persist today, despite legal abolitions of slavery?
Modern slavery
Which organization enforces the Human Rights Act 1998 and the Equality Act 2010 in the UK?
Equality and Human Rights Commission (UK)
What is one sign procurement professionals can look out for to detect modern slavery within supply chains?
Suspiciously low labor costs or suppliers that aren't accredited by Fairtrade
According to the text, what proactive approach can be taken to counteract modern slavery?
Conducting due diligence checks on suppliers.
What is the purpose of the Modern Slavery Act 2015 in the UK?
To mandate companies to publish an anti-slavery statement on their websites
What consequences did QuickBites Corp. face after being associated with forced labor?
Legal actions and reputational damage
What did QuickBites Corp. pledge to do in order to rectify the situation?
Implement stricter supplier assessment processes
Test your knowledge on supplier rights and how to promote their observance with this quiz. Learn about the importance of ethical practices and avoiding negative publicity and legal consequences. Discover organizations, such as the Chartered Institute of Procurement & Supply (CIPS), that can assist you in upholding these rights.
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