​Which of the Following Is the Most Significant Benefit of Having

question 19

Multiple Choice

​Which of the following is the most significant benefit of having a corporate sustainability report (CSR) assured by an independent third party?

• A) ​The assurance will enable management to address all stakeholder concerns with equal priority.
• B) ​The assurance will enable the organization to eliminate all the risks it may face.
• C) ​The assurance will enable people to trust the CSR's content for external stakeholders more easily.
• D) ​The assurance will provide exemption to an organization from filing annual reports.

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Definitions:

Modern Economy

Characterizes economies that are highly industrialized and usually have a significant reliance on technology and service sectors.

Specialization and Exchange

This concept depicts how individuals, firms, and nations can increase their productivity through specialization in tasks they perform best and exchanging their outputs for other goods and services.

Modern Economies

Economic systems that are characterized by dynamic industrial, technological, and service sectors, often with complex financial and regulatory frameworks.

Specialization

Specialization refers to the process of focusing effort and resources on the production of a particular product or a limited scope of products, leading to increased efficiency.