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

Evaluate the effectiveness of pollution control methods considering cost and social impacts.

Recognize the role of government intervention in controlling externalities and promoting environmental protection.

Analyze the impact of sorting requirements in recycling programs on the efficiency and costs of waste management.

Understand the concept of social discount rate and its application in policy evaluation.

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Definitions:

Cost Recovery Deduction

A tax deduction that allows a taxpayer to recover the cost of an investment over time through depreciation, amortization, or depletion.

50% Bonus

A premium payment of half the worth of an item, salary, or stipulated amount as an additional reward.

Cost Recovery Deduction

A deduction that allows a taxpayer to recover the cost of an investment over time, such as through depreciation or amortization.

Interest Expense

The cost incurred by an entity for borrowed funds, which is deductible under certain conditions for tax purposes.