Which type of insurance is legally required for businesses with employees?

Employer’s liability insurance

Under the Fire Safety Order 2005, what is a business required to do?

Appoint a responsible person for fire safety

Which of the following is an example of optional business insurance?

Business interruption insurance

Under the Consumer Rights Act 2015, which of the following is NOT a consumer right?

Right to change the price of the goods

What is the primary aim of the Consumer Contracts Regulations 2013?

Ensure transparency and protect consumer rights

Which of the following is a requirement under Distance Selling Regulations?

Businesses must provide pre-contract information

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Week 5

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Questions 13

Answers

1
Which is NOT a consequence of failing to comply with cybersecurity regulations?
Increased customer trust
Operational costs
Reputational damage
GDPR fines
2
Which type of insurance is legally required for businesses with employees?
Business interruption insurance
Cyber insurance
Employer’s liability insurance
Professional indemnity insurance
3
Under the Fire Safety Order 2005, what is a business required to do?
Appoint a responsible person for fire safety
Ignore fire safety regulations for small businesses
Conduct fire drills only after an incident
Use fire equipment only when inspected
4
Which of the following is an example of optional business insurance?
Motor insurance
Employer’s liability insurance
Fire safety insurance
Business interruption insurance
5
What is the maximum fine for GDPR non-compliance?
£17.5 million
£3 million
£1 million
£12.5 million
6
Under the Consumer Rights Act 2015, which of the following is NOT a consumer right?
Right to change the price of the goods
Right to receive goods fit for purpose
Right to receive goods as described
Right to receive goods of satisfactory quality
7
What is the primary aim of the Consumer Contracts Regulations 2013?
Ensure transparency and protect consumer rights
Increase business profits
Remove refund obligations for digital content
Allow businesses to change contract terms at will
8
Which of the following is a requirement under Distance Selling Regulations?
Businesses must provide pre-contract information
No refunds for online purchases
Hidden charges are allowed
Consumers must cancel within 7 days
9
Which of the following is a common cybersecurity measure in e-commerce?
Storing passwords in plain text
Using public Wi-Fi for transactions
Encrypting credit card details
Disabling security updates
10
Under the Health and Safety at Work Act 1974, what is a key employer responsibility?
Maximising profits
Conducting risk assessments
Removing PPE requirements
Ignoring employee safety concerns
11
How long does a consumer have to reject faulty goods for a full refund under the Consumer Rights Act 2015?
30 days
14 days
60 days
7 days
12
Which of the following is NOT an essential element of a contract?
Offer
Profit
Consideration
Acceptance
13
Which regulation requires businesses to protect consumer data in e-commerce?
GDPR
Consumer Rights Act
Fire Safety Order
Health and Safety Act

Week 5 Flashcards | StudBud