1.
A customer gives you a box of chocolates to be shared with your team as a thank you gift, would you accept or refuge?
Correct Answer
A. Accept
Explanation
Accepting the customer's gift of chocolates is a polite and gracious gesture. It shows appreciation for the customer's thoughtfulness and gratitude for their business. Accepting the gift also helps to maintain a positive relationship with the customer, which can lead to future business opportunities. Sharing the chocolates with the team can also foster camaraderie and boost morale within the team.
2.
On average, world’s most ethical companies have 20% greater profits
Correct Answer
A. True
Explanation
The given statement suggests that the world's most ethical companies tend to have 20% higher profits on average. This implies that there is a positive correlation between ethical practices and financial performance. Ethical companies are likely to attract more customers, gain their trust and loyalty, and also have better relationships with employees and stakeholders. These factors can contribute to increased profitability in the long run. Therefore, the statement is true.
3.
A supplier invites you to lunch to discuss what they can do to further the business relationship. Should you accept or refuse?
Correct Answer
A. Accept
Explanation
Accepting the supplier's invitation to lunch is recommended because it provides an opportunity to strengthen the business relationship. By accepting, you can engage in open and constructive discussions, understand the supplier's perspective, and explore potential ways to enhance collaboration. It also demonstrates a willingness to invest time and effort in nurturing the partnership, which can lead to improved communication, trust, and mutual benefits in the long run.
4.
The Bribery Act came in to force when?
Correct Answer
D. July 2011
Explanation
The Bribery Act came into force in July 2011.
5.
A facilitation payment is not classed as a bribe
Correct Answer
B. False
Explanation
A facilitation payment is considered a bribe. Facilitation payments are small payments made to government officials or individuals in order to expedite routine government actions or secure services that a person or business is already entitled to. Although they are often seen as a necessary part of doing business in certain countries, facilitation payments are still considered unethical and illegal in many jurisdictions. They can undermine fair competition, perpetuate corruption, and create an uneven playing field for businesses. Therefore, the statement that a facilitation payment is not classed as a bribe is false.
6.
Giving or receiving something of value after a transaction is completed, in acknowledgment of some influence over a transaction is a Bribe
Correct Answer
A. True
Explanation
A bribe refers to the act of giving or receiving something of value after a transaction is completed, as a way to acknowledge and exert influence over the transaction. This act is considered unethical and illegal in many jurisdictions as it undermines fairness and transparency in business dealings. Therefore, the given statement is true.
7.
A company offers training, travel and other benefits to you if you recommend their products, this is considered as a form of Bribery
Correct Answer
A. True
Explanation
The statement is true because offering training, travel, and other benefits in exchange for recommending products can be seen as a form of bribery. Bribery involves giving or receiving something of value with the intention of influencing the actions or decisions of the recipient. In this case, the company is offering incentives to individuals in order to persuade them to recommend their products, which can be seen as an unethical practice.
8.
The highest fine handed down to a company under the Foreign Corrupt Practices Act (FCPA) was
Correct Answer
A. $772.3 million
Explanation
$772.3 million – Alstom - 2014
$450 million - Siemens AG and three subsidiaries - 2008
9.
The maximum jail term for bribery by an individual is 20 years in USA
Correct Answer
A. True
Explanation
In the USA, the maximum jail term for bribery by an individual is indeed 20 years. This means that if someone is found guilty of bribery, they can potentially face up to two decades of imprisonment as a punishment for their crime. This severe penalty reflects the seriousness with which bribery is viewed in the country, as it undermines the integrity of the justice system and corrupts the principles of fairness and equality.
10.
A customer gives you a thank you card, this is considered as a form of Bribery
Correct Answer
B. False
Explanation
A customer giving a thank you card is not considered as a form of bribery. Bribery refers to the act of offering money, gifts, or favors to influence someone's actions or decisions in an unethical or illegal manner. A thank you card, on the other hand, is a gesture of gratitude and appreciation, which is generally seen as a polite and positive act. It does not involve any intention to manipulate or gain an unfair advantage. Therefore, the statement is false.
11.
A company gives a platinum Liverpool FC season ticket to the decision maker of a company knowing there is a tender process coming up, is this a Bribe?
Correct Answer
A. Yes
Explanation
Yes, this can be considered a bribe. Offering a valuable gift, such as a platinum Liverpool FC season ticket, to the decision maker of a company before a tender process implies an attempt to influence their decision in favor of the offering company. This violates ethical business practices and can undermine the fairness and transparency of the tender process.
12.
International Organisation for Standardisation has 48 country member
Correct Answer
B. No
Explanation
It's 38 country members
13.
Chloe is a manager for Software 'R' Us. Business is going very well and there is a 3 month waiting list for product installation. Despite the 'first come, first serve' policy the company has in place, Chloe arranges an immediate installation for a customer who works within a large hotel company as the customer says that they will arrange for Chloe and her partner to stay at the hotel for one night free of charge.Which offence, if any, has Chloe committed under the Bribery Act 2010?
Correct Answer
D. Being Bribed
Explanation
Chloe has committed the offense of being bribed under the Bribery Act 2010. By accepting the offer of a free hotel stay in exchange for arranging an immediate installation, Chloe has allowed herself to be influenced by a bribe. This is considered an offense under the act, as it undermines the principle of fair competition and can lead to corrupt practices within a business environment.
14.
Daniel is a Clinician working for a dental practice. The practice provide treatment but also sell a range of dental sundry products such as tooth brushes, tooth paste, mouthwash etc. from various suppliers. One particular supplier has offered Daniel 'free CPD hours' throughout the year on the condition that Daniel recommends only their products to patients.Daniel accepts this offerWhich offence, if any, has been committed by Daniel, under the Bribery Act
Correct Answer
D. Being Bribed
Explanation
Daniel has committed the offense of "Being Bribed" under the Bribery Act. By accepting the offer of "free CPD hours" in exchange for recommending only the products of a particular supplier to patients, Daniel is allowing himself to be influenced by a bribe. This compromises his professional integrity and creates a conflict of interest, as his recommendations should be based on what is best for the patients rather than personal gain.
15.
Laura is an employee of a company that is very keen to win the business of a large electronics company. The 'decision maker' for that company is Derek. Derek is not yet sure as to which supplier to work with. Laura and Derek have several meetings. Laura then invites Derek to one of the companies corporate golf days, followed by dinner and then presents Derek with a set of expensive golf clubs in which he can keep.Which offence, if any, has been committed under the Bribery Act 2010?
Correct Answer
B. Bribing another person
Explanation
Laura has committed the offence of bribing another person under the Bribery Act 2010. By inviting Derek to a corporate golf day, followed by dinner, and then presenting him with a set of expensive golf clubs, Laura is attempting to influence Derek's decision-making process by offering him personal benefits. This action can be considered as bribery, which is prohibited under the Bribery Act 2010.
16.
Foreign Corrupt Practices Act was published in
Correct Answer
B. 1977
Explanation
1977
17.
In Egypt a bribe is unofficially called
Correct Answer
B. Something for your cigarettes
Explanation
In Egypt, a bribe is unofficially referred to as "something for your cigarettes." This phrase implies that the bribe is a small amount of money or gift given to someone in exchange for their cooperation or favor. It suggests that the bribe is meant to be discreet and not draw attention, similar to offering someone a small gift or favor as a gesture of appreciation.
18.
68% of countries worldwide with serious corruption problems
Correct Answer
A. True
Explanation
The given answer, "True," is correct because 68% of countries worldwide indeed have serious corruption problems. This indicates that corruption is a prevalent issue globally, affecting a significant majority of countries.
19.
Jay Y. Lee was sentenced to prison for
Correct Answer
C. 5 years
Explanation
Jay Y. Lee was sentenced to prison for 5 years. This means that he has been given a prison term of 5 years by the court as a punishment for his actions. The length of the sentence indicates the severity of the crime committed by Jay Y. Lee and the level of punishment deemed appropriate by the court.
20.
OECD Anti-Bribery Convention come into effect in
Correct Answer
A. 1997
Explanation
The OECD Anti-Bribery Convention came into effect in 1997. This convention was established by the Organization for Economic Cooperation and Development (OECD) to combat bribery of foreign public officials in international business transactions. It aims to promote fair competition, economic development, and integrity in the global marketplace. By criminalizing bribery, the convention encourages countries to adopt and enforce laws that prevent corruption and promote transparency. The convention has been ratified by numerous countries and has played a significant role in the global fight against corruption.