With Regard to CSR,the Growing Number of Board Committees and Vice

question 44

Multiple Choice

With regard to CSR,the growing number of board committees and vice presidents of corporate responsibility implies more _____ than usually exists in practice.

• A) decentralization
• B) silent decentralization
• C) centralization
• D) libertarianism

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Definitions:

Shares

Ownership units in a company that represent a portion of the corporation's capital, giving the shareholder a right to a part of the profits and assets.

Foreign Exchange Risk

The risk that an entity’s financial position, financial performance, or cash flows will be affected by fluctuations in exchange rates.

Recognised Assets

Assets that have been formally acknowledged and recorded on the balance sheet due to their probable future economic benefits.

Unrecognised Firm Commitments

Obligations or agreements that a company has committed to, but are not yet recorded on the balance sheet because they do not meet the recognition criteria.