Which of the Following Statements Regarding CSR and Sustainability Reporting

question 16

Multiple Choice

Which of the following statements regarding CSR and sustainability reporting is false?

• A)Generally accepted accounting principles require firms to report CSR and sustainability efforts.
• B)The Global Reporting Initiative is an international organization that develops the use of sustainability reporting standards.
• C)Many corporations use a triple bottom line approach to sustainability reporting.
• D)The triple bottom line approach includes financial, social, and environmental performance components.

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Definitions:

International Fisher Effect

An economic theory that suggests that the difference in nominal interest rates between two countries is directly proportional to the expected change in the exchange rate between their currencies.

Foreign Currency Approach

Relates to the strategy for evaluating investments by considering the impact of foreign exchange fluctuations on investment returns.

Swedish Krona

The official currency of Sweden, which is divided into 100 öre and is denoted by the symbol SEK.

Absolute Purchasing Power Parity

The theory that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.