In 2008, the Top Two Motivations to Explain Sustainability Reporting

question 62

Multiple Choice

In 2008, the top two motivations to explain sustainability reporting were:

• A)Ethical considerations and economic considerations
• B)Reputation or brand and innovation & learning
• C)Employee motivation and risk management
• D)Strengthened supplier relationships and access to capital

Understand the concept and applications of Brewer's Optimal Distinctiveness Theory.

Distinguish between individualist (idiocentric) and collectivist (allocentric) orientations in self-description and their implications.

Identify characteristics and outcomes related to collectivism.

Recognize statements and concepts inconsistent with collectivism and individualism.

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Definitions:

Overhead Costs

Ongoing expenses related to the operation of a business, such as rent, utilities, and insurance, that are not directly tied to production.

Overhead Volume Variance

The difference between allocated overhead based on standard hours allowed and the actual overhead incurred, reflecting efficiency in utilizing resources.

Normal Capacity Hours

A calculation of the maximum amount of work that an organization can complete in a given period under normal conditions.

Standard Hours Allowed

The estimated amount of time that should be required to complete a specific amount of work under normal conditions.