A Social Audit Is

question 24

Multiple Choice

A social audit is:

• A) a systematic assessment and reporting of an organisation's resource commitments and action accomplishments in areas of social responsibility.
• B) an internal accounting audit requested by shareholders.
• C) a survey of employees regarding their social preferences.
• D) a public opinion survey regarding the social impact of a corporation's actions.
• E) a systematic assessment of the corporation's impact on its employees' social lives.

Grasp the basics and types of private pension plans.

Understand the implications and definitions of pay secrecy, pay compression, and pay inversion in wage and salary administration.

Understand the concepts of economies of scale, constant returns to scale, and diseconomies of scale.

Identify how changes in output affect long-run average total cost.

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Definitions:

Corporation's Name

The legal name under which a corporation is registered to conduct business, distinct from its owners and shielded by the corporate veil.

Shareholder

An individual or entity that owns a share or shares of stock in a corporation, thus having an interest in its performance and governance.

Stock

Represents ownership in a corporation, entitling the holder to a share of the company's profits and assets.

Right Of First Refusal

A contractual right that gives its holder the option to enter a business transaction with the owner of something, before the owner is entitled to enter into that transaction with a third party.