Although Research by the Australian Federal Government Reveals That 29

question 3

Multiple Choice

Although research by the Australian Federal Government reveals that 29 per cent of Australian companies publish a sustainability report, the problem with this statistic is that:

• A) over half of those organisations were found to provide inaccurate or false data.
• B) only six of those organisations had their reports audited.
• C) most of these organisations were small, and had little environmental impact.
• D) the aspects of sustainability that were measured were not in line with international standards.
• E) All of these responses are correct.

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Definitions:

Labour Efficiency Variance

A measure used in budgeting and accounting to analyze the difference between the actual hours worked and the standard hours expected for a task.

Critical Values

Specific points on a statistical distribution that are used to decide whether to reject the null hypothesis in hypothesis testing.

Materials Account

An account used to track the cost of raw materials that are bought and used during production processes.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet.