Bribery is considered an unethical business practice. What constitutes a bribe?

• A.anything that is of value to the recipient
• B.something that has monetary value
• C.something of significant monetary value
• D.anything that can be traded illegally

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A Bill of Exchange is an important document used when importing goods into a country from abroad. What is the purpose of this document?

• A.details who is responsible for the insurance of the goods during transit
• B.specifies the country of origin of the goods
• C.explains which tariffs apply to the goods
• D.details payment instructions

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A company's balance sheet will show you which of the following?

• A.revenue, profit and expenses
• B.equity, assets and liabilities
• C.cash coming in and out of the business
• D.profit, loss and assets

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What course of action should be taken when an audit of a supplier identifies evidence of human rights malpractice?

• A.Immediately raise the issue with the supplier and jointly develop a timely action plan to be implemented before a repeat audit
• B.Immediately halt all orders with the supplier, make a record of the violation in the supplier database, and switch to an alternative source of supply
• C.Remove all business and inform press organisations, who will in turn bring the issue to the attention of formal governmental organisations who can take action
• D.Allow the supplier to complete current orders placed, while pursuing an alternative source to change to as soon as approved

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Tendering is a more formal and regimented process than sending out requests for quotations. Which of the following are services that are often put out to tender? Select THREE.

• A.security
• B.consultancy
• C.provision of raw materials
• D.office supplies
• E.cleaning

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