Which of the Following Is True About CSR Programs

question 38

Multiple Choice

Which of the following is true about CSR programs?

• A)Employees ethical behaviour precede corporate social responsibility
• B)Companies should be socially responsible so that their employees act ethically
• C)Employees will always act unethically regardless of companies corporate social responsibility programs.
• D)Corporate social responsibility and business ethics are two different concepts.A company can be socially responsible and makes unethical practices at the same time.
• E)Corporate social responsibility and ethics are the same concept.A CSR company is ethical as well.

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Definitions:

Comparability

An accounting principle that ensures financial statements can be compared between periods and across companies.

Financial Statements

Consolidated reports that summarize the financial performance, position, and cash flows of a business over a specified period.

Adjusting Entries

Journal entries made in accounting to adjust income and expense accounts so they reflect the true financial position of a business.

Expenses

Costs incurred in the process of generating revenues, representing the consumption of resources such as raw materials, labor, and overhead.