A Systematic Attempt to Identify, Measure, Monitor, and Evaluate a Firm's

question 7

Multiple Choice

A systematic attempt to identify, measure, monitor, and evaluate a firm's performance with respect to its social efforts, goals, and programs is a(n)

• A) Triple Bottom Line audit.
• B) environmental audit.
• C) sustainability report
• D) social impact statement.

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Definitions:

Correcting Entry

An entry made in accounting records to correct a previous error or adjust for discrepancies.

Journal Entry

A record in accounting that logs a transaction and shows the affected accounts in the form of debits and credits.

Debits

Accounting entries that increase assets or expenses and decrease liabilities, equity, or revenue, recorded on the left side of accounting ledgers.

Credits

Accounting entries that increase liabilities or decrease assets, or record income in double-entry bookkeeping.