In What Way Does the UN Global Compact Differ from the OECD

question 80

Multiple Choice

In what way does the UN Global Compact differ from the OECD guidelines for multinational enterprises?

• A) Unlike the UN Global Compact,the OECD guidelines uses a more governmental approach for the same issues.
• B) Unlike the OECD guidelines,the UN Global Compact ignores most areas of environmental concern.
• C) Unlike the UN Global Compact,the OECD guidelines believes that businesses should eliminate forced labor.
• D) Unlike the OECD guidelines,the UN Global Compact applies only to companies operating in their own country.

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Definitions:

Variance

The difference between planned or budgeted figures and actual figures, used in performance analysis and management.

Financial Reporting Systems

Systems used by organizations to manage and process financial data, and to produce reports that accurately depict business performance and financial position.

Principle of Exceptions

A management principle where focus is directed towards cases that deviate significantly from the norm, allowing managers to concentrate on significant issues rather than routine matters.

Standard Costs

Predetermined or estimated costs to manufacture a product or provide a service, used in budgeting and measuring performance.