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Professional Development
Professional Development
ABC quiz 2 - advanced level
8 questions
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- 1. Multiple Choice
While Business Risk & Compliance plays a key role within the internal control system, the business is the primary owner of the internal control measures.
True
False
- 2. Multiple Choice
Why is corruption so bad? Please select the answer that is wrong
Corruption decreases the costs of doing business.
Corruption leads to waste or the inefficient use of public resources.
Corruption excludes poor people from public services and perpetuates poverty.
Corruption corrodes public trust, undermines the rule of law and
ultimately delegitimizes the state.
- 3. Multiple Choice
What can happen if we do not manage our ABC risks appropriately? Select the statement
that is false:
Significant brand name damage
Due to a bad reputation suffering from a drain of co-worker talent
Potential personal liability or jail time
High fines and settlements
We can easily solve the incidents as it is only a local issue
- 4. Multiple Choice
Which of the following statement(s) are false regarding soft controls
It refers to the culture element of a company.
It consists of elements which explains the root cause of derailments within organization.
It is highly intangible concept and cannot be assessed
nor audited.
It is mainly applicable in the entity level, but not
necessarily in the process level.
- 5. Multiple Choice
Internal control makes the right things happen the first time - and every time
True
False
- 6. Multiple Choice
Internal control is integral to every aspect of business
True
False
- 7. Multiple Choice
We allow contributions and/or donations, in money or in kind, to political parties or candidates.
True
False
- 8. Multiple Choice
What is the highest penalty for a corruption case ever?
USD 1 billion
EUR 1.8 billion
USD 1.78 billion
- Answer choicesTagsAnswer choicesTags