Which type of insurance is mandatory for all employees in Saudi Arabia?, Property insurance, Health insurance, Vehicle insurance, General liability insurance, What does general liability insurance protect against?, Employee salaries, Vehicle damage, Third-party claims, Legal Property rent, Which insurance is required for business-owned vehicles?-risk functions need:, Health insurance, Generally insurance, Vehicle insurance, Life insurance, Which insurance is recommended for physical business premises?, Property insurancerecords, Health insurance, Vehicle insurance, General liability insurancerecords, Hiring an employee belongs to:, HR records, Sales records, Marketing records, Cleaning records, What is the Zakat rate for Saudi-owned companies?, 5%, 10%, 15%, 2.5%, Which tax is charged at a standard rate of 15% in Saudi Arabia?, VAT, Zakat, Income Tax, Which businesses are required to register for VAT?, Businesses with revenue over SAR 100,000, B) Businesses with revenue over SAR 250,000, C) Businesses with revenue over SAR 375,000, All business, A business in Saudi Arabia has annual revenue of SAR 400,000. What should the business do?, Register for VAT, Do nothing, Stop Operating, Pay Zakat at 15%, A small business earns SAR 300,000 in revenue. Based on the requirement, does it have to register for VAT?, Yes, because all businesses must register, Yes, because the rate is 15%, No, because its revenue is below SAR 375,000, No, because VAT does not exist in Saudi Arabia, What does VAT stand for?, Value Annual Tax, Value Added Tax, Variable Added Tax, What are Codes of Practice?, Business guidelines, Marketing plans, Financial reports, Who may enforce these codes in Saudi Arabia?, Customers, Regulatory bodies, Competitors, What do Codes of Practice help businesses follow?, National laws and professional standards, Social media trends, Advertising strategies, What does SASO govern?, Marketing and sales, Technical regulations and standards, Employee salaries, Business advertising, What standards may businesses need to comply with?, GCC standards, School standards, International school rules, Company policies, What should licensing and approvals align with?, Ministry of Education guidelines, Ministry of Health guidelines, Ministry of Commerce guidelines, Ministry of Tourism guidelines, which authority is responsible for issuing the commercial registration ( CR ), local authorities, ministry of commerce, chamber of commerce, which of the following requirements is listed as “ often mandatory “ for businesses?, chamber of Commerce membership, SASO certification, Tax exemption, saudiztion compliance requires hiring Saudi nationals under which program, Absher program, Nitaqat program, Balady program

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