Which Sustainability Reporting Framework Is the Cornerstone of the G3

question 93

Multiple Choice

Which sustainability reporting framework is the cornerstone of the G3 guidelines?

• A)International Federation of Accountants (IFAC)Sustainability Framework
• B)EMAS European Union
• C)ISO 14000 Environmental Management
• D)Global Reporting Initiative (GRI)

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Definitions:

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the profitability of a firm beyond normal profit levels.

Marginal Revenues

Represents the additional income generated from the sale of one more unit of a good or service.

Total Revenues

The gross revenue obtained from merchandise or service transactions before removing any operational expenses.

Total Revenue Curve

A graphical representation showing the relationship between the total revenue received by a firm and its quantity of output sold.