Knowledge Check

Question 1

Why Compliance?

Compliance helps protect sensitive information.

Compliance is not necessary for maintaining ethical standards.

Compliance helps businesses avoid legal issues.

Compliance is only essential for large businesses.

Compliance can help businesses improve their reputation.

Question 2

Why is Compliance essential for businesses?

Complying businesses are more competitive.

It allows companies to cut corners and increase profits.

Eases building trust with customers and stakeholders.

It only applies to specific industries and not others.

Question 3

Positive aspects of Compliance on businesses:

Ignoring Compliance can improve customer trust.

Compliance can help increase business revenue.

Non-compliant businesses are never subject to legal action.

Compliance can protect businesses from legal action.

Fines and penalties are not a risk for non-compliant businesses.

Compliance can improve internal processes.

Final Quiz