Which of the Following Statements Is Incorrect with Respect to the Global

question 2

Multiple Choice

Which of the following statements is incorrect with respect to the Global Reporting Initiatives (GRI) Guidelines?

• A) The GRI Guidelines are used as basis for mandatory reporting of social and environmental aspects in some jurisdictions.
• B) The GRI Guidelines have brought about improvements in environmental reporting but fall short on companies being selective about which indicators to report.
• C) The GRI has established a self-assessment system wherein organisations can rank themselves from 'three' stars (highest) to 'one' star (lowest) on the basis of the extent to which the guidelines have been adopted.
• D) The GRI's ranking system also takes into account whether the reports have been subject to external assurance.

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Definitions:

Reaffirmation

An agreement made by a bankruptcy debtor to continue paying a dischargeable debt after the bankruptcy, usually in order to keep collateral or mortgaged property.

Cosign

To sign a legal document alongside another person, often agreeing to share the responsibility for fulfilling the terms of the document, such as repaying a loan.

Minor

An individual under the legal age of adulthood, typically under 18 years old, with limited legal rights and responsibilities.

Liable

Legally responsible or obligated to answer for actions or to compensate for harm or damage caused.