Which Reporting Approaches Have Been Adopted in Reporting Social and Environmental

question 55

Multiple Choice

Which reporting approaches have been adopted in reporting social and environmental performance?

• A) income statement, balance sheet, cash flow statement and statement of changes in owners' equity.
• B) value added statement.
• C) checklist approach, target based reporting, eco-balance approach and full-cost approach.
• D) area-of-interest method and full cost method

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Definitions:

Discretionary Policy

Involves government policies that are implemented through ad-hoc decisions by policymakers, rather than set by predetermined rules.

Monetary Policy

The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

Rational Expectations School

A theory proposing that individuals and firms make decisions based on their rational outlook, available information, and past experiences.

Monetary Policy

Monetary policy is the macroeconomic policy laid down by the central bank involving management of money supply and interest rates to control inflation, consumption, growth, and liquidity.