The Purpose of An)________ Is to Evaluate an Organization's Progress

question 131

Multiple Choice

The purpose of an) ________ is to evaluate an organization's progress towards implementing programs that are socially responsible and responsive.

• A)accountability review
• B)social audit
• C)federal disclosure statement
• D)annual report

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Definitions:

Assets

Resources owned or controlled by a business or individual, which are expected to provide future economic benefits.

Expenses

Costs incurred in the operation of a business; these are necessary for the company to generate revenues.

Financial Reports

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements, among others.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal indicating that the ledger accounts are properly balanced.