Tag: Ethics

In the mythical country of Albion, much of the population has a risk seeking attitude towards financial matters.

Albion’s financial system is therefore likely to be a….?

Select ONE answer:

1. A market-based system
2. A stakeholder system
3. A bank-based system
4. A public policy 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 1

1. Correct == > Household preference for equity (more risk) rather than bank deposits (less risk) means that equity finance is likely to dominate the financing of businesses.
2. Not correct
3. Not correct
4. Not correct

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

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.