Which of the Following Is Not a Reason Why Traditional

question 19

Multiple Choice

Which of the following is not a reason why traditional financial accounting may be unable to reflect the social and environmental impact of organisations?

• A) The social and environmental impact of an organisation cannot be verified.
• B) The social and environmental impact of an organisation is often considered immaterial.
• C) Traditional financial accounting ignores the diminution of assets which are not controlled by the entity.
• D) Traditional financial accounting may categorise items such as pollution permits as assets.

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Definitions:

Endocrine Gland

Glands of the endocrine system that release hormones directly into the bloodstream, regulating various body functions.

Posterior Lobe

Refers to the back portion of an organ or gland, such as the posterior lobe of the pituitary gland in the brain.

True Endocrine Gland

A gland that secretes hormones directly into the bloodstream to regulate various bodily functions, without using a duct.

Hypothalamus

A region of the brain below the thalamus; it coordinates both autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems.