Accounting Multiple Choice Question – 5 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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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. Lack of regulation
  3. Lack of public relations management
  4. Information asymmetry

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 == > The lack of codes of practice, regulation and public relations management contribute to rather than detract from the efficiency of markets in resource allocation.

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Accounting Multiple Choice Question – 4 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. Markets
  3. Regulators
  4. Fair mindedness

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 == > 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.
  3. Not correct
  4. Not correct

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

Accounting Multiple Choice Question – 3 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. Securities
  4. Fair mindedness

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 == > 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.
  4. Not correct

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

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.

Photo by Nataliya Vaitkevich on Pexels.com

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.

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

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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Photo by Serpstat on Pexels.com

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

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