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Q & A Prevention
LawLoopholesPrevention
 
1. Q:

What should an OC do to manage its finance effectively?
Q & A
 
Explanation
     
  A:
A. to follow the Building Management Ordinance and the Building Financial Management Toolkit
B. to invite personal friends to be MC members
C. to purchase a high-end accounting system
2. Q:

What should Uncle Chuen, OC Chairman, do if Mr Ho, building property officer, invites him to meal?
Q & A
 
Explanation
     
  A:
A. dine in a restaurant far away from the building
B. decline politely to avoid speculation/suspicion from others
C. invite other MC members to join
3. Q:

What should OCs do to prevent abuse in procurement? (choose the best option)
Q & A
 
Explanation
     
  A:
A. abide by the Code of Practice on Procurement of Supplies, Goods and Services
B. follow in key controls in the Building Financial Management Toolkit
C. all of the above
4. Q:

Which one of the following is a procedural safeguard in collection of fees?
Q & A
 
Explanation
     
  A:
A. payments to be made by cheques, autopay or other electronic means
B. pay cash to the OC chairman directly
C. receive payments in an enclosed room with CCTV
5. Q:

What should Uncle Chuen, OC Chairman, do to avoid perceived conflict of interest in addition to declaration to the MC and owners?
Q & A
 
Explanation
     
  A:
A. abstain from voting in the selection of accounting firm
B. prohibit his cousin's company from having any business dealings with the OC
C. break off the relative relationship with his cousin
 
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Q & A
LawLoopholesPrevention