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Schemes That Emphasize Transparency and Traceability, Verified Through Third-Party Certification

question 40

Multiple Choice

Schemes that emphasize transparency and traceability, verified through third-party certification are termed:

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Definitions:

CSR Levels

The varying degrees to which a business engages in corporate social responsibility initiatives, from basic compliance with laws to integrating social and environmental concerns into their business model.

Economic

Pertaining to the production, distribution, and consumption of goods and services, or the wealth and resources of a country or region.

Discretionary

Pertaining to the freedom or authority granted to make decisions or judgments without being strictly bound by set rules or protocols.

Corporate Social Responsibility

A business model that helps a company to be socially accountable—to itself, its stakeholders, and the public—by practicing ethical and sustainable business practices.

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