Measuring the Present Socially Responsible Activities of an Organization to Assess

question 18

Multiple Choice

Measuring the present socially responsible activities of an organization to assess performance in those areas is known as a/an ________.

• A)social check
• B)social audit
• C)social benchmark
• D)social target reading
• E)social responsive mark

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Definitions:

Accrual Accounting

The method of accounting that recognizes revenue when earned and expenses when incurred regardless of when cash transactions occur.

Deferrals

Financial transactions that are recognized in a later accounting period than the period in which they occur, such as prepaid expenses.

Accruals

Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged, to reflect the true financial position of a company.

Cash Flow Assessment

The analysis of a company's cash inflows and outflows to evaluate its financial health.