Application of the King Code Principles (Grade 12 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Who created the King Code for corporate governance?
Who created the King Code for corporate governance?
Former High Court Judge Mervyn King
What does the acronym TAR stand for in the King Code principles?
What does the acronym TAR stand for in the King Code principles?
Transparency, Accountability, Responsibility
What does transparency mean in the King Code?
What does transparency mean in the King Code?
Being completely open and honest with all
What must shareholders receive before the AGM according to transparency principles?
What must shareholders receive before the AGM according to transparency principles?
Detailed info about their voting rights
What is the core meaning of accountability in business?
What is the core meaning of accountability in business?
Taking responsibility for all decisions
What type of auditors should accountable companies hire?
What type of auditors should accountable companies hire?
Both internal and external auditors
What must businesses consider according to the responsibility principle?
What must businesses consider according to the responsibility principle?
Effects on community and environment
Which Act requires fair wages and payment for overtime?
Which Act requires fair wages and payment for overtime?
Basic Conditions of Employment Act (BCEA)
Which green policies demonstrate environmental responsibility?
Which green policies demonstrate environmental responsibility?
Recycling, waste disposal, safe energy
What must businesses do regarding tax compliance?
What must businesses do regarding tax compliance?
Pay taxes on time and provide info to SARS