Tag: Accounting Concepts

The USA is often referred to as being a market-based financial system.

Consequently, its financial system will be characterised by?

Select ONE answer:

1. Comparatively more government regulation than a bank-based system
2. Comparatively fewer close relationships between banks and businesses than in a bank-based system
3. Comparatively more risk adverse households than in a bank-based system
4. Households with less access to investment in physical assets than in a bank-based system

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 == > (1), (3) and (4) are all characteristics of bank-based financial systems.
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Which ONE of the following attributes are identified by Phillipa Foster-Back as being typical of ethical business leaders?

Select ONE answer:

1. Courage
2. Empathy
3. Accountability
4. Authority

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 == > Empathy, accountability and authority were not among them. Fair mindedness, Honesty, Ability to listen, Courage + Openness are characteristics of an ethical business leader.
2. Not correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Which ONE of the following attributes are identified by Phillipa Foster-Back as being typical of ethical business leaders?

Select ONE answer:

1. Empathy
2. Ability to listen
3. Accountability
4. Authority

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 == > Empathy, accountability and authority were not among them. Fair mindedness, Honesty, Ability to listen, Courage + Openness are characteristics of an ethical business leader.
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.