Tag: Management

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

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

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

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

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

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

Different corporate governance systems have emerged across the world reflecting the different systems by which companies are managed and controlled.

These management differences are often reflected in different board structures.

The following statements have been made about the structure of a board of directors.

Statement 1 – In the UK and Germany there is a unitary board of directors’ system.

Statement 2 – A two-tier system comprises a management board and a supervisory board.

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 2

1. Not correct
2. Correct == > False and True
3. Not correct
4. Not correct

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

The directors of Big Staffie plc state in the company’s annual report that their adherence to the requirements of the UK Corporate Governance Code is driven by their belief that the aim of corporate governance is the nurturing of enterprise while ensuring accountability in the exercise of power and the patronage of firms.

It is clear from this that the directors of Big Staffie plc have adopted?

Select ONE answer:

1. The corporate perspective on corporate governance
2. The public policy perspective on corporate governance
3. The legal perspective on corporate governance
4. The stakeholder perspective on corporate governance

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 == > This definition of the aim of corporate governance is the broadest possible perspective – the public policy perspective.
3. Not correct
4. Not correct

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