Which of the Following Refers to the Systematic Evaluation of How

question 47

Multiple Choice

Which of the following refers to the systematic evaluation of how well a firm is meeting the goals of ethics and social responsibility?

• A)an SRPC (Social Responsibility Progress Checklist)
• B)a balanced performance report
• C)a social audit
• D)a social-commercial correlation analysis

---

Definitions:

Keynesian Theory

An economic theory stating that government intervention through fiscal policy is necessary to manage the cyclical nature of economies and adjust to demand shocks.

Real GDP

An inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, providing a more accurate picture of economic growth than nominal GDP.

Potential Real GDP

The maximum amount of goods and services that an economy can produce when it is fully employing its resources with efficiency, without causing inflation.

Prices

The amount of money required to purchase a good or service, often influenced by supply and demand dynamics.