The UN Global Compact Is Not a Regulatory Agency;in That

question 183

True/False

The UN Global Compact is not a regulatory agency;in that it does not police,enforce or measure the behavior of organizations.

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Definitions:

Interest Expense

This is the cost incurred by an entity for borrowed funds, reflected as a line-item expense in the income statement.

Income Statement

A financial statement that shows a company’s revenue and expenses over a specified period of time, resulting in net profit or loss.

Liability

Financial obligations or debts owed by a business to external parties, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Goods

Tangible products or merchandise that are manufactured, bought, and sold in commerce.