Which of the Following Statements Is True About a Social

question 19

Multiple Choice

Which of the following statements is true about a social audit?

• A)It is the process of measuring the increase in a firm's brand awareness after it conducts social responsibility activities.
• B)It is the process of forecasting the impact of an organization's social responsibility activities on society to decide its feasibility.
• C)It is the process of measuring the increase in an organization's profits after it has conducted social responsibility activities.
• D)It is the process of measuring the present social responsibility activities of an organization to assess its performance in this area.
• E)It is the process of measuring the impact of an organization's social responsibility activities on society.

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Definitions:

Framing Effect

A cognitive bias where people react differently to choices depending on how they are presented.

"New Normal"

Describes a previously unfamiliar situation that has become standard or expected, often used in the context of changes in societal or economic conditions.

Production Sectors

The division of an economy into different groups or areas of production, such as agriculture, manufacturing, and services.

Planning Fallacy

The tendency for people and organizations to underestimate the time, costs, and risks of future actions and overestimate the benefits.