When Auditing a Corporate Social Responsibility Program, Measurements Should Be

question 29

Short Answer

When auditing a corporate social responsibility program, measurements should be both quantitative and __________ in nature.

---

Definitions:

Depreciation Costs

The allocation of the cost of a tangible asset over its useful life, representing the decline in value due to wear and tear, age, or obsolescence.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to pursue a particular action.

Accounting Costs

Costs that appear on the financial statements of a company.

Economic Decisions

Choices made by individuals, firms, or governments regarding the allocation of resources to optimize benefits.