Which of the Following Statements in Relation to the Outcomes

question 3

Multiple Choice

Which of the following statements in relation to the outcomes of the major studies undertaken in relation to CSR disclosures is incorrect?

• A)Voluntary disclosures have increased considerably since the mid-1970s.
• B)Companies appear to be using CSR disclosures as part of their public relations.
• C)Only small companies make CSR disclosures.
• D)When disclosures first commenced, companies were very sensitive to public criticism.

---

Definitions:

Net Asset Balance Sheet Exposure

The risk of change in the value of a company's net assets due to exchange rate movements, reflected in the balance sheet.

Translation Adjustment

An adjustment made in the process of translating a foreign subsidiary's financial statements into the parent company's reporting currency.

Foreign Currency

Currency used in a country other than one's own, involving exchange risk when converting from one currency to another.