The Main Focus of the Cadbury Report, Established by Sir

question 77

Multiple Choice

The main focus of the Cadbury report, established by Sir Adrian Cadbury in 1992 to address financial aspects of corporate governance, was on _____.

• A)external governance
• B)corporate social responsibility
• C)internal governance
• D)recruiting policy

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Definitions:

Ledger

A book or electronic record used to record all of a company's financial transactions in chronological order.

T-account

A graphical representation used in accounting to illustrate the effects of transactions on account balances, with debits on the left and credits on the right.

Credit

A financial term denoting the ability to obtain goods or services before payment, based on the trust that payment will be made in the future.

Asset Accounts

Accounts that represent the different types of economic resources owned or controlled by a business, such as cash, inventory, and equipment.