Which of the Following Statements Is Not Correct in Relation

question 12

Multiple Choice

Which of the following statements is not correct in relation to CSR reporting?

• A)Social responsibility is the responsibility of an organisation for the impacts of its decisions and activities on society and the environment,through transparent and ethical behaviour.
• B)Many companies choose not to prepare CSR reports due to concerns over the effect on the branding and reputations of companies
• C)Currently there are no accounting standards requiring CSR reporting by Australian companies.
• D)It is likely that CSR reporting will continue to be driven by community concerns with global warming and the impact of company activities on the environment.

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Definitions:

Drought

An extended period of deficient rainfall relative to the statistical multi-year average for a region, resulting in prolonged shortages in the water supply.

Downward-Sloping

A graphical representation showing a decline or decrease from left to right, often used to describe demand curves where price and quantity demanded move in opposite directions.

Government Tax

Monetary charges imposed by a government on individuals, corporations, and transactions to finance government spending and services.

Labor-Market Policies

Measures and regulations implemented to influence the operation and outcomes of the labor market, including job creation, unemployment insurance, and minimum wage laws.