Tag: Ethics

Accounting Multiple Choice Question – 2 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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A financial system comprises which ONE of the following?

Select ONE answer:

  1. Governance structures
  2. Regulators
  3. Fair mindedness
  4. Intermediaries

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 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct == > Intermediaries, Securities and Markets all relate to a generic financial system. Governance structures, Regulators and Fair Mindedness may or may not exist within a particular system, but they are by no means basic elements of it.

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Accounting Multiple Choice Question – 1 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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Betty has arranged a meeting with Alex, a local newspaper journalist to advise him about practices at her employer’s premises that she believes breach strict government regulations on health and safety issues.

Betty is aware of the risks involved in taking this course of action, although she should also be aware that in such circumstances she would be protected by?

Select ONE answer:

  1. The Freedom of Information Act
  2. The Human Rights Act
  3. The Public Interest Disclosure Act
  4. The Data Protection Act

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 3

  1. Not correct
  2. Not correct
  3. Correct == > As a whistleblower Betty would be protected by the Public Interest Disclosure Act.
  4. Not correct

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Accounting Multiple Choice Question – 30 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 principal factor moulding the nature of business ethics over time is?

Select ONE answer:

  1. The expectations of society
  2. The values of senior management
  3. Company policies
  4. Government regulation

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 == > Corporate ethics are principally moulded by society’s expectations.
  2. Not correct
  3. Not correct
  4. Not correct

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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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Accounting Multiple Choice Question – 28 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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Which of the following is one of the five OECD Principles of Corporate Governance?

Select ONE answer:

  1. Promote transparent and efficient financial reporting
  2. Recognise the rights of stakeholders
  3. The equitable treatment of major shareholders
  4. Real time, accurate disclosure

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) should read transparent and efficient markets, not reporting. (3) should read all shareholders, not just major shareholders. (4) should read timely rather than real time.
  3. Not correct
  4. Not correct

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