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Question 17
Which organisation created the Decent Work Agenda?
Options:
A.
UN
B.
ISO
C.
ILO
D.
ETI
Answer:
C
Explanation:
Explanation:
Explanation
This is from ILO- the International Labour Organisation - see p.49 of the textbook. You should recognise all four of these acronyms as they come up in this module UN= United Nations - they have the Guiding Principles, ISO = produce standards for business practices and ETI = Ethical Trading Initiative - they have a base code for labour practices.
Question 18
A company with a large risk appetite would do which of the following?
Options:
A.
take all risks
B.
take risks where it feels it will win more than it loses
C.
take few, well calculated risks
D.
avoid taking risks
Answer:
B
Explanation:
Explanation:
Explanation
2 is the correct answer. Risk appetite is the level of risk that an individual or organisation is comfortable taking (p.4). Having a large risk appetite does not mean that you want to take every risk (as that would be irresponsible), rather, a large risk appetite means you're more likely to gamble and take calculated risks, even though they might not pay off. A small risk appetite would describe options 3 and 4 - taking few risks, or none at all.
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