The Present Value of an Off-Balance-Sheet Item Is Referred to as Its

question 6

True/False

The present value of an off-balance-sheet item is referred to as its notional value.

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Definitions:

Social Audit

The process of evaluating and reporting a firm's performance in terms of social responsibility, often including its impact on the community, environment, and workers.

Ethics Audit

A comprehensive review process designed to assess an organization's ethical practices, policies, and culture, and identify areas for improvement.