true? O Sustainability is defined as meeting the needs of the present generation without compromising the ability of future generations
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- A companys attempts to utilize sustainable business practices with regard to its employees, the environment, and society are known as ______________________. a balanced scorecard corporate social responsibility total quality management value chainBeginning with strategy, which of the following items lists the areas of the business sustainability cycle in the correct order in which they should be performed? (Note: Not all areas are contained in each list.) a. Sustainability assurance, sustainability reporting, risk management, performance measurement b. Performance measurement, risk management, sustainability reporting, stakeholder engagement c. Stakeholder engagement, risk management, sustainability assurance, performance measurement d. Risk management, stakeholder engagement, sustainability reporting, sustainability assurance e. Stakeholder engagement, risk management, performance measurement, sustainability reportingSuppose you are tasked to construct and evaluate complex financial statements, including those relating to group accounts, to show an organization's financial position and performance. How do SASB standards relate to your task? What is the purpose of sustainability accounting and disclosure? Why are SASB standards needed in the business world?
- Analysse how ethical business practices and corporate social responsibility initiatives can contribute to long term sustanable economic development. Provide examples of how your workplace, or an organisation of your choice, can successfully integrates ethics, CSI and CSR into its current business model. Discuss the impact this will have on its financial performace and reputation.A company’s attempts to utilize sustainable business practices with regard to its employees, the environment, and society are known as ________. Select one: a. corporate social responsibility b. value chain c. total quality management d. a balanced scorecard1.Why are SASB standards required in the business world? 2. What is the goal of sustainability accounting and disclosure?
- Question 1: How does Ethical reasoning affect both professional judgment and individual judgment and behavior in the accounting context? Question 2: Sustainability requires a rethinking of, economic systems and business models. Discuss and provide an example for both an economic system and business model. Question 3: Discuss the concepts of accountability, legitimacy and sustainability and the links between these concepts. How do these concepts affect the way accountability relationships are formed and the concept of stakeholders? Question 4: Sustainability standards and frameworks are diverse, political and serve different purposes, Discuss. How do these standards and reports prioritize certain stakeholders and interest groups while neglecting others? Question 5: Discuss the critical role of external accounting in enhancing accountability relationships. How can these external accounts highlight the social…Which of the following statements regarding CSR and sustainability reporting is false? a.The Global Reporting Initiative is an international organization that develops the use of sustainability reporting standards. b.Generally accepted accounting principles require firms to report CSR and sustainability efforts. c.Many corporations use a triple bottom line approach to sustainability reporting. d.The triple bottom line approach includes financial, social, and environmental performance components.in the context of principled performance, what does it mean for an organization to "act with integrity"? a. it means complying with all industry standards and best practices b. it means achieving the highest possible financial returns for shareholders c. it means living out organizational values and staying within both mandatory and voluntary boundaries d.it means maintaining a strong public image and a positive brand reputation what is the role of a values statement in an organization? a. a values statement is a marketing tool used to attract new customers and investors to the orgnaization b. a values statement is a legal document that outlines the financial obligations and liabilities of the organization that contribute to its value c a values statement reflects the shared beliefs and expectations of the organization's leadership,employees ,and stakeholders and serves as a guide for establishing a postiive and productive organizational culture d a values statement is a formal…
- Creating a good public image is vital for the organizations and one of the ways is to work closely on corporate social responsibility in relation to the risk management of the organization. To achieve this goal the organization must pay attention in _____________. a. All of the options b. Providing opportunities for stakeholders to develop c. Operating within societies by keeping the sociocultural norms d. Providing financial and non-financial informationWhich of the following statements about CSR efforts and initiatives is true? a. CSR efforts must be focused globally to be considered a CSR initiative. b. CSR efforts must be focused on responsibly impacting society and/or the improvement of the social well-being within and outside the firm to be considered a CSR initiative. c. CSR efforts must be focused locally to be considered a CSR initiative. d. CSR efforts must be focused on employees and their working conditions to be considered a CSR initiative.What is sustainability accounting and why has the practice of sustainability reporting (and assurance) varied around the world? How does sustainability reporting relate to social accounting?
