Q6

Which stage in the ERM process must be ongoing in order to increase the success of implementing the entire process?

1. Risk treatment

2. Risk analysis

3. Communication and consultation

4. Monitoring and review

Q7

Which of the following corporate governance outcomes will be achieved if the new King IV principles are effectively implemented in an organisation?
a	Ethical culture
b	Effective control
c	Legitimacy
d	Risk culture
Choose the correct combination:

1.a, c

2.a, b, c

3.b, c, d

4.All of the above.

Q8

Use the following information to answer questions 8 and 9.

A-Z Supermarket Companys total current assets, total current liabilities and inventory for each year in the past four years are as follows:

Item	2017	2018	2019	2020
Total current assets	R18 900	R25 700	R28 000	R30 200
Total current liabilities	R6 000	R13 600	R14 700	R17 800
Inventory	R4 500	R8 900	R8 600	R9 700

The firms current ratio for the year ended 2019 is ....

1.. 0.53

2.. 1.90

3.. 2.49

4. .3.25

Q9

Use the following information to answer questions 8 and 9.

A-Z Supermarket Companys total current assets, total current liabilities and inventory for each year in the past four years are as follows:

Item	2017	2018	2019	2020
Total current assets	R18 900	R25 700	R28 000	R30 200
Total current liabilities	R6 000	R13 600	R14 700	R17 800
Inventory	R4 500	R8 900	R8 600	R9 700

The firms quick ratio for the year ended 2020 is ....

1.. 0.91

2.. 1.15

3.. 1.70

4.. 2.24

Q10

The King III Report on Corporate Governance introduced which of the following new concepts?
a	Shareholder approval of remuneration policies
b	Alternative dispute resolution
c	Directors performance evaluation
d	Business rescue
Choose the correct combination:

1.a, c

2.a, b, c

3.b, c, d

4.All of the above.