Because Ethics Audits and Social Audits Are _____, There Are

question 50

Multiple Choice

Because ethics audits and social audits are _____, there are few standards that a company can apply with regard to reporting frequency, disclosure requirements, and remedial actions that it should take in response to results.

• A)not necessary
• B)expensive
• C)required by law
• D)mandatory
• E)voluntary

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Definitions:

Safeguarded Assets

Assets that are protected against loss, theft, or unauthorized use through various security measures and controls.

Accurate Business Information

Reliable, precise, and up-to-date data or facts about a company's operations, financials, and strategy, crucial for decision-making.

Petty Cash Receipts

Documents that record cash payments from a petty cash fund, used to manage small and incidental expenses.

Petty Cash Fund

A special cash fund to pay relatively small amounts.