QUIZ NO.

4 – GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL

NAME: _______________________________________________ DATE: ______________________________
ID NUMBER: ____________________________ SCORE: ______________ RATING: ________

MULTIPLE CHOICE
Direction: Read and analyze the statements carefully. Encircle the letter of the answer TRUE OR FALSE
that best fits the corresponding item. Direction: Write TRUE if the statement is correct and FALSE if it is wrong on the space
provided after the number.
1. Which of the following is an example of corruption acts?
A. Bribery C. State Visitation 8. Corruption is an abuse of public office only for personal gain.
B. Embezzlement D. Kickbacks 9. It has a very high risk of corruption in the public procurement sector.
10. The BOC has indicated that smuggling of goods, among which cigarettes, vehicles
2. Corruptions spread when there are opportunities, when risk is minimal in comparison and oil, into the Philippines has led to evasion of taxes of at least USD 1 million yearly.
to benefits obtained or when one is confronted with issues like: 11. The court system is slow to resolve land disputes.
A. Career advancement C. Earning less income 12. Businesses rate the National Police’s commitment to fighting corruption as ‘good’.
B. Financial management D. Technological advancement 13. The Philippines is the second most dangerous country in the world of journalists to
operate in, as measured by the number of journalist deaths.
3. Corruption adds up to _______ of the total costs of doing business in any part of the 14. The Constitution guarantees freedom of speech and of expression, but in practice
world and up to ________ of the cost of procurement programs in developing countries. these freedoms are not consistently upheld.
A. 10%; 25% C. 25%; 10% 15. Conflict of interest occurs when a business interest is placed before the personal
B. 60%; 40% D. 20%; 30% interest or relationships.

4. _________’s 700 million people under 30 are seeking opportunities with dignity and if ENUMERATION
mismatch between aspirations and fulfillment continues. Direction: Enumerate the Characteristics of Corruption. Give at least five. Write your
A. Africa C. South America answer on the blanks provided.
B. Asia D. Australia
16. _________________________________
5. Who shut down 28 out of 41 mining companies, and was removed from job by 17. _________________________________
Congress in May 2017 after mounting complaints from pro-mining lobby? 18. _________________________________
A. Dinky Soliman C. Jellyren Gutierrez 19. _________________________________
B. Gina Lopez D. Sarah Geronimo 20. _________________________________

6. It was the only agency receiving a rating of ‘very bad’ when it came to its commitment
to fighting corruption.
A. Commission on Human Rights C. Insurance Commission
B. Bureau of Customs D. National Bureau of Investigation “The harder you work for something, the greater
you'll feel when you achieve it.”
7. It is often offered in the legitimate course of business to promote good relations.
A. Clear Business Processes C. Policy on Gifts and Entertainment
B. Declaration of Conflict of Interest D. Convenient Corruption Rptg. System BEST LUCK FUTURE CPAs!