An External Benefit Is a Benefit from an Activity That

question 134

True/False

An external benefit is a benefit from an activity that falls on a third party that is not involved in the activity.

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Definitions:

Conventional

Pertaining to common practices, methods, or standards that are widely accepted and employed.

Internal

Pertaining to activities, processes, or elements that exist or occur within an organization.

Triple Bottom Line Reports

Financial reports that evaluate a company's performance in three areas: economic, environmental, and social responsibility, aimed at achieving sustainable business practices.

Social Audits

Evaluations of a company's performance in non-financial areas, focusing on its impact on society, the environment, and its corporate social responsibility efforts.