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NEW QUESTION 22
Which of the following will you put into box 2?
Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated
NEW QUESTION 23
Which of the following is a component of the Sarbanes-Oxley Regulations?
Explanation:
Explanation
Separation of duties is a key component of the Sarbanes-Oxley Regulations. It ensures businesses are accounting responsibly, and one way to do this is through separation of duties (no one person has complete control of the accounts of a company). See https://www.investopedia.com/terms/s/sarbanesoxleyact.asp and p.42 in the study guide. This piece of legislation does tend to come up in the exam so do revise this topic.
NEW QUESTION 24
Fudgylicious Inc is a manufacturer of confectionary based in the United Kingdom. In one of its factories an employee has an accident during his shift which resulted in him breaking a leg and requiring surgery. Will the employer's Professional Indemnity insurance cover the cost of the operation?
Explanation:
Explanation
The correct answer is 'no-this is not the purpose of insurance'. The question asks if Professional Indemnity Insurance can be claimed on for this- no it can't- that's not its purpose. It would be Employer's Liability insurance which could be claimed on. This question tests your understanding of the different types of insurance. There is a very similar question in the exam- so remember accidents at work are claimed against Employer's Liability insurance NOT Professional Indemnity insurance - see p.96 for more information on different types of insurance
NEW QUESTION 25
......
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NEW QUESTION 22
Which of the following will you put into box 2?
- A. strategic
- B. environment
- C. intellectual property
- D. operational
Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated
NEW QUESTION 23
Which of the following is a component of the Sarbanes-Oxley Regulations?
- A. separation of duties
- B. environmental protection
- C. ethical business practices
- D. elimination of bribery
Explanation:
Explanation
Separation of duties is a key component of the Sarbanes-Oxley Regulations. It ensures businesses are accounting responsibly, and one way to do this is through separation of duties (no one person has complete control of the accounts of a company). See https://www.investopedia.com/terms/s/sarbanesoxleyact.asp and p.42 in the study guide. This piece of legislation does tend to come up in the exam so do revise this topic.
NEW QUESTION 24
Fudgylicious Inc is a manufacturer of confectionary based in the United Kingdom. In one of its factories an employee has an accident during his shift which resulted in him breaking a leg and requiring surgery. Will the employer's Professional Indemnity insurance cover the cost of the operation?
- A. no- this is not the purpose of insurance
- B. yes- the insurance can be used as the accident occurred on the company's premises
- C. yes- the insurance will cover all medical expenses as the accident occurred during his working hours
- D. no- the insurance would not cover the cost of surgery, only for lost wages if he is unable to work
Explanation:
Explanation
The correct answer is 'no-this is not the purpose of insurance'. The question asks if Professional Indemnity Insurance can be claimed on for this- no it can't- that's not its purpose. It would be Employer's Liability insurance which could be claimed on. This question tests your understanding of the different types of insurance. There is a very similar question in the exam- so remember accidents at work are claimed against Employer's Liability insurance NOT Professional Indemnity insurance - see p.96 for more information on different types of insurance
NEW QUESTION 25
......
P.S. Free & New L5M2 dumps are available on Google Drive shared by PDFVCE: https://drive.google.com/open?id=14bEVQ0ddatRIP9xOhIXvoA_G086AzG-E