The Global Reporting Initiative

question 18

Multiple Choice

The Global Reporting Initiative:

• A) refers to an institution based in Sweden.
• B) is the most widely cited benchmark for the determination of the content of a triple bottom line report.
• C) was established as a private, profit-making initiative.
• D) is a set of reporting obligations agreed as part of the Kyoto agreement.

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Definitions:

Cost Of Goods Manufactured

The total cost of making and finishing a product.

Variable Manufacturing Costs

Expenses that vary proportionally with production volume, such as materials and labor.

Variable Costing

A costing method where only variable production costs are included in product costs, with fixed overhead costs treated as period expenses.

Direct Materials

Raw materials that can be directly traced to the manufacturing of a product and are a significant portion of the production cost.