A Social Audit Is a

question 133

Multiple Choice

A social audit is a

• A) review of the costs of operating a social program.
• B) report of what a business has done and is doing about social issues.
• C) review of a tax statement by the Internal Revenue Service.
• D) review of management's social activity for the year.
• E) report filed by social sector accountants.

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Definitions:

Common Characteristics

Shared features or qualities among items, individuals, or groups that allow them to be categorized or identified as part of a larger set.

Nonprofit Organizations

Organizations that utilize surplus revenues to achieve their goals rather than distributing them as profit or dividends.

Government Failure

Occurs when government intervention in the economy causes more harm than good, leading to inefficiency, waste, or the misallocation of resources.

Hedonism

A philosophy or lifestyle focused on pursuing pleasure and avoiding pain as the highest good.