The Purpose of a Social Responsibility Audit Is To

question 14

Multiple Choice

The purpose of a social responsibility audit is to:

• A) develop positive-image building activities
• B) develop contingency plans in case of negative events or negative publicity
• C) make sure the organization has clear-cut ethical guidelines for employees to follow and that the company acts to serve the interests of all publics
• D) uncover any unethical behavior and to develop rules and policies for enhancing social responsibility

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Definitions:

Joint Operators

The parties to a joint operation.

Expenses

Decreases in assets or increases in liabilities, that result in decreases in equity, other than those relating to distributions to holders of equity claims.

Cash Balance

The amount of cash held by a company in its financial accounts at a specific point in time, reflecting its immediate liquidity position.

Creditors

Entities or individuals to whom a company owes money, due to the provision of goods, services, or loans.