Day: May 20, 2025

Accounting Multiple Choice Question – 20 May 2025

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

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Identify which of the following statements concerning the requirements of the UK Corporate Governance Code is true?

Select ONE answer:

  1. Non-executive directors of FTSE 350 companies, once appointed, only need to be submitted for re-election every three years
  2. The board’s responsibility to present a fair, balanced and understandable assessment of company performance extends to interim reports as well as to annual financial statements
  3. Directors’ service contracts should not exceed three years
  4. The annual report should state the company’s business model but its strategy for delivering the objectives of the company may remain confidential

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 2

  1. Not correct
  2. Correct == > True – This is in the principles supporting main principle C1 (accountability: financial and business reporting).
  3. Not correct
  4. Not correct

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