Accounting Multiple Choice Question – 9 April 2025

The following statements have been made about the purpose of regulating professions.

Statement 1 – Regulation of professions should protect the public from being misled or from suffering from abuse of power through knowledge or monopoly

Statement 2 – Regulation of professions should protect the profession’s vested interests from competition to maintain public confidence that the public interest is being Safeguarded

Are these statements true or false?

Select ONE answer:

1. Statement 1 – True and Statement 2 – False
2. Statement 1 – False and Statement 2 – True
3. Statement 1 – True and Statement 2 – True
4. Statement 1 – False and Statement 2 – False

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct == > True and False
2. Not correct
3. Not correct
4. Not correct

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