The Concept of Ethics-Auditing Emerged from the Movement to Audit

question 49

Multiple Choice

The concept of ethics-auditing emerged from the movement to audit and report on companies' broader _____ initiatives.

• A)product development
• B)legal compliance
• C)risk management
• D)public relations
• E)social responsibility

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Definitions:

Stakeholder Responsibility

The obligation of an organization to consider and respond to the interests and well-being of all its stakeholders, including customers, employees, investors, and the community.

Profit Responsibility

The obligation of business units or departments to generate earnings above their operational costs.

Financial Statements

Documents that provide an overview of a company's financial condition, including income statement, balance sheet, and cash flow statement.

Green Marketing

Involves promoting products or services based on their environmental benefits or sustainability.