What Is Being Performed by More and More Businesses to Systematically

question 161

Multiple Choice

What is being performed by more and more businesses to systematically monitor how well they are meeting their ethics and social responsibility objectives?

• A) reality checks
• B) random quality control testing
• C) profitability ratios
• D) social audits

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Definitions:

Accounting

The systematic process of recording, measuring, and communicating financial information about economic entities.

Recording

The act of documenting financial transactions in the books of accounts as part of the accounting process.

Transactions

Financial events that affect the assets, liabilities, or equity of a company, recorded in its accounting system.