Global Social Audit Standards Concentrate On

question 52

Multiple Choice

Global social audit standards concentrate on:

• A) Internally focused economic benefits for the firm.
• B) Externally focused social benefits for the environment.
• C) Externally focused social benefits for key stakeholders.
• D) All of the above.

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Definitions:

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Organizational Entity

Refers to any organizationally defined unit within a business, such as departments, divisions, teams, or any designated group of employees.

Alliance

A formal agreement or union between parties, often organizations or nations, to work together towards common goals.

Achieving Legitimacy

The process through which an organization seeks to be accepted or regarded as proper or valid within a certain context or by a specific audience.