An Organization's Obligation to Maximize Its Positive Impact and Minimize

question 129

True/False

An organization's obligation to maximize its positive impact and minimize its negative impact on society is known as social accountability.

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Definitions:

Confidential Information

Sensitive data or knowledge that is not to be shared with the general public, protected by privacy laws or agreements.

Trade Secret

Confidential information that gives a business competitive advantage.

Non-Disclosure Agreement

A legal contract creating a confidential relationship, obligating parties not to disclose sensitive information revealed during a certain activity.

Disclosure

The act of making information known or revealed, often required by law in various legal and financial transactions.