The _____ View of CSR Is That Business Should Focus

question 99

Multiple Choice

The _____ view of CSR is that business should focus on broader welfare of the community and not just profits.

• A) shared value
• B) classical
• C) post-modern
• D) socioeconomic
• E) ethnocentric

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Definitions:

Sarbanes-Oxley Act

A U.S. federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures, including those related to financial statements and corporate governance.

Authoritative Accounting Guidance

Officially recognized principles and standards that govern financial reporting and accounting practices.

ASC

Accounting Standards Codification, the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities in the United States.

FASB

The Financial Accounting Standards Board, an organization responsible for establishing financial accounting and reporting standards in the United States.