Because Ethics and Social Audits Are _____,There Are Few Standards

question 17

Multiple Choice

Because ethics and social audits are _____,there are few standards that a company can apply with regard to reporting frequency,disclosure requirements,and remedial actions that it should take in response to results.

• A)not necessary
• B)expensive
• C)required by law
• D)mandatory
• E)voluntary

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Definitions:

Calls in Advance

Money received by a company from shareholders before their shares have been issued to them, often applied towards future calls on shares.

Share Issuance Costs

Expenses associated with the issuance of new shares, such as underwriting, legal, and registration fees.

Financial Statements

Formal records of financial activities and position of a business, person, or other entity, presenting the financial results over a specific period.

Forfeited Shares

Shares that are surrendered or taken back by a company from an investor because of the non-fulfillment of purchase conditions or agreements.