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NEW QUESTION 47
The UK Companies (Miscellaneous Reporting) Regulations 2018 states that organisations with more than 250 employees must do what?

• A. Demonstrate how they abide by Environmental practices
• B. Publish an Anti-Slavery Policy
• C. Provide an annual financial statement
• D. Publish a summary of how directors have engaged with employees

Answer: D

Explanation:
Explanation
The correct answer is 'publish a summary of how the directors have engaged with employees'. For more information on this piece of legislation see p. 145

NEW QUESTION 48
Dave is a procurement manager for a chocolate factory who is running a tender to source cocoa from a new supplier. The tender is a huge opportunity for suppliers and the contract would be worth millions of pounds.
Dave has passed some information about the tender to one of the bidders in exchange for a free holiday to Barbados. Which of the following types of fraud has Dave committed?

• A. counterfeiting
• B. accepting a kick-back
• C. bribery
• D. holiday fraud

Answer: C

Explanation:
Explanation
This is an example of bribery. The trip to Barbados is the bribe. For more information on these types of fraud see p.19

NEW QUESTION 49
What is the purpose of an indemnity clause within a contract?

• A. to ensure both parties are adequately insured if something were to go wrong
• B. to assign risk to each party
• C. to explain what would happen in the case of a force majeure
• D. to transfer risk from one party to another

Answer: D

Explanation:
Explanation
Indemnity clauses transfer risk from one party to another. It is an arrangement whereby one party promises to compensate the other party for a trigger event. An example of an indemnity clause could be a construction firm is building a new bridge and the project is supposed to be completed by 1st June. An indemnity clause may state that should the bridge not be ready by this date, the construction firm will compensate the buyer by X amount. See p.61 for more information on indemnity.

NEW QUESTION 50
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