Tag: Code of Ethics

Big Staffie plc adopts social responsibility as a key element in its strategies.

This will mean that the Company….. ?

Select ONE answer:

1. Seeks to meet the minimum obligations it owes to stakeholders
2. Seeks to exceed the minimum obligations it owes to stakeholders
3. Seeks to meet the minimum obligations it owes to shareholders
4. Seeks to exceed the minimum obligations it owes to shareholders

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 == > Rather than simply looking to do the minimum required, the company will look to exceed it.
3. Not correct
4. Not correct

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

The body responsible for promoting high standards of corporate governance in the UK is the……. ?

Select ONE answer:

1. FRC
2. OECD
3. ССАВ
4. The Bank of England

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 == > The OECD produced its Principles of Corporate Governance, but it does not have any UK responsibility for the promotion of high standards of corporate governance. The CCAB and the Bank of England have no such responsibility.
2. Not correct
3. Not correct
4. Not correct

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

The ability of markets to allocate resources efficiently within a financial system is often impeded by the existence of market imperfections.

Which ONE of the following is a market imperfection regularly associated with financial markets?

Select ONE answer:

1. Lack of codes of practice
2. Insider dealing
3. Lack of regulation
4. Lack of public relations management

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 == > The lack of codes of practice, regulation and public relations management contribute to rather than detract from the efficiency of markets in resource allocation.
3. Not correct
4. Not correct

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