Behaving Ethically

14 termsStudBud Administration44 plays

Threats and safeguards, handling money and bribery! #aatlevel3 #ethics

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Questions 14

Answers

1
Threats to the competence of an MIB include:
All of these
Insufficient time
Insufficient knowledge
Insufficient information
2
An MIP could be guilty of fraud if
Claim they are better than their competitors
During a review find they have insufficient expertise
Both of these
Neither of these
3
Clients' funds must...
Neither of these
...be accuratly accounted for
Both of these
...not be mixed together
4
Your supplier offers you a hamper valued at £100 at Christmas. Do you accept it?
Not sure
It depends
No
Yes
5
Safeguards for an MIB's competence include:
Request extra help
Request extra time
Both of these
Neihter of these
6
Disclosure is acceptable
Both of these
When legally required
Neither of these
In the public interest
7
Penalties for a bribery conviction include:
Up to 20 years in prison
Up to £1 000 000 fine
Both of these
Neither of these
8
An MIP can hold client monies...
...if it is investment business
...to keep the client's financial position confidential
Neither of these
Both of these
9
Which of the following threats are common for members in business?
Self-interest
Financial
Both of these
Neither of these
10
Which of the following are potential threats for an MIP?
Self-interest
Familiarity
Both of these
Neither of these
11
Client A offers £50 vouchers for your staff if they float on the Stock Exchange successfully
Unacceptable
Acceptable
12
Under the Data Protection Act 2006...
Neither of these
Personal data must be held securely
Data controller must register the business annually
Both of these
13
Bribery occurs when an inducement is...
Neither of these
Offered but not received
Both of these
Requested but not received
14
The 8 principles a business must comply with under data protection laws
Businesses can hold any information they need
Data must be deleted within 28 days of financial year end
Can be held anywhere in the world
None of these

Behaving Ethically Flashcards | StudBud

Behaving Ethically

14 termsStudBud Administration44 plays

Threats and safeguards, handling money and bribery! #aatlevel3 #ethics

Flashcards14 cardsFPractice quizPHost liveL

Questions 14

Answers

1
Threats to the competence of an MIB include:
All of these
Insufficient time
Insufficient knowledge
Insufficient information
2
An MIP could be guilty of fraud if
Claim they are better than their competitors
During a review find they have insufficient expertise
Both of these
Neither of these
3
Clients' funds must...
Neither of these
...be accuratly accounted for
Both of these
...not be mixed together
4
Your supplier offers you a hamper valued at £100 at Christmas. Do you accept it?
Not sure
It depends
No
Yes
5
Safeguards for an MIB's competence include:
Request extra help
Request extra time
Both of these
Neihter of these
6
Disclosure is acceptable
Both of these
When legally required
Neither of these
In the public interest
7
Penalties for a bribery conviction include:
Up to 20 years in prison
Up to £1 000 000 fine
Both of these
Neither of these
8
An MIP can hold client monies...
...if it is investment business
...to keep the client's financial position confidential
Neither of these
Both of these
9
Which of the following threats are common for members in business?
Self-interest
Financial
Both of these
Neither of these
10
Which of the following are potential threats for an MIP?
Self-interest
Familiarity
Both of these
Neither of these
11
Client A offers £50 vouchers for your staff if they float on the Stock Exchange successfully
Unacceptable
Acceptable
12
Under the Data Protection Act 2006...
Neither of these
Personal data must be held securely
Data controller must register the business annually
Both of these
13
Bribery occurs when an inducement is...
Neither of these
Offered but not received
Both of these
Requested but not received
14
The 8 principles a business must comply with under data protection laws
Businesses can hold any information they need
Data must be deleted within 28 days of financial year end
Can be held anywhere in the world
None of these