The Global Reporting Initiative (GRI) Is a Leading Organization in the Field

question 65

Multiple Choice

The Global Reporting Initiative (GRI) is a leading organization in the field of social and environmental performance measurement. Their widely adopted sustainability reporting framework includes three universal standards and three sets of topic-specific standards. These topic-specific standards include all of the following except:

• A) Environmental standards.
• B) Customer standards.
• C) Economic standards.
• D) Social performance standards.

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Definitions:

Factory Overhead

Costs tied to manufacturing processes, excluding those for direct labor and materials.

Office Utilities

Expenses associated with the essential services used in an office, such as electricity, water, gas, and internet.

Selling and Administrative Expense

Operating expenses that are not directly tied to production, including costs related to sales, marketing, and general administration of a company.

Direct Materials

The raw materials directly traceable to the manufacturing of a product, forming a significant part of the production cost.