Day: April 29, 2025

Accounting Multiple Choice Question – 29 April 2025

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The following statements have been made about ethics and social responsibility.

Statement 1 – An ethical audit is a process which measures both the internal and external consistency of a company’s values base.

Statement 2 – How far an organisation protects stakeholders with which it has contractual relationships is a measure of its social responsibility.

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 == > False and True – The first statement is true as set out by the International Society of Business, Economics and Ethics. The second statement is false – social responsibility is measured by how far the organisation protects the interests of those who have non-contractual relationships, such as the public at large.
  2. Not correct
  3. Not correct
  4. Not correct

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