8) Which of the following is not a characteristic of financial leases? Lease tenor is shorter than the useful life of the asset Lease tenor matches the useful life of the asset Lessee is responsible for insurance maintenance costs Lessee usually does not have cancellation rights Single choice 9) Which of the following is not a benefit of loan monitoring? Encourages dynamic, rather than time-based reviews Reduces the need for effective loan documentation and covenant compliance Helps lenders identify whether there has been any credit risk migration Helps lenders from potentially being misled by distorted or even misleading information Single choice 10) A Director decides to forge his company's financial records

8) Which of the following is not a characteristic of financial leases? Lease tenor is shorter than the useful life of the asset Lease tenor matches the useful life of the asset Lessee is responsible for insurance maintenance costs Lessee usually does not have cancellation rights Single choice 9) Which of the following is not a benefit of loan monitoring? Encourages dynamic, rather than time-based reviews Reduces the need for effective loan documentation and covenant compliance Helps lenders identify whether there has been any credit risk migration Helps lenders from potentially being misled by distorted or even misleading information Single choice 10) A Director decides to forge his company's financial records. Shareholders raise concerns and after an investigation, the forgery comes to light. He is reported to the police and a criminal investigation takes place. What is the worst case scenario for this Director? Imprisonment for up to five years and / or a fine of up to 5 million Saudi Riyals. Imprisonment of up to one year and/or fines of up to 1 million Saudi Riyals A fine of up to 500,000 Saudi Riyals Imprisonment of up to seven years and/or fines of up to 3 million Saudi Riyals