Which of the Following Is True About Companies Being Socially

question 92

Multiple Choice

Which of the following is true about companies being socially responsible?

• A)Firms with a large number of employees tend to be more socially responsible.
• B)Being socially responsible is generally considered to be a stated rule of corporate ethical behaviour.
• C)Actions undertaken by firms that are perceived as socially responsible are always viewed as ethical.
• D)The number of consumers wanting to purchase products from socially responsible companies is decreasing.
• E)Companies earn both tangible and intangible benefits for acting in a socially desirable manner.

---

Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another.

Historical Cost

The original monetary value of an asset or transaction, without adjustments for inflation or other factors.

Functional Currency

represents the currency of the primary economic environment in which an entity operates, crucial for financial reporting and determining the entity's financial results and position.

Retained Earnings

represents the cumulative amount of net income earned by a company over time that has not been distributed to shareholders as dividends.