Which of the Following Levels of the Pyramid of Global

question 96

Multiple Choice

Which of the following levels of the pyramid of global corporate social responsibility and performance represents a company's requirement to be profitable?

• A)Economic responsibility
• B)Relative responsibility
• C)Ethical responsibility
• D)Philanthropic responsibility
• E)Legal responsibility

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Definitions:

Inventories Write-down

The process of reducing the book value of inventory to its market value when the market value is lower than the cost, resulting in a recognized loss.

Gain on Revaluation

occurs when an asset's carrying amount is increased due to its revaluation, indicating a rise in the fair value of the asset over its previous book value.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

Foreseeable Future

A period of time over which events can be predicted or expected to occur based on current knowledge or analysis.