Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 13, Problem 4Q
Identify four different stakeholders In need of sustainability information and show how their actions might affect a business.
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Describe sustainability and sustainable business practices.
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 scorecard
Explain three reasons in favour of reporting social and environmental risks in a company’s sustainability report
Chapter 13 Solutions
Principles of Accounting Volume 2
Ch. 13 - Which agreement did 196 nations adopt in December...Ch. 13 - The 2015 Paris Agreement on Climate Change aimed...Ch. 13 - Good corporate citizenship ________. A. Is...Ch. 13 - According to the World Commission on Environment...Ch. 13 - Sustainability reporting can incorporate which of...Ch. 13 - What caused Union Carbides deadly gas leak in...Ch. 13 - Nestlés reputation was damaged when the company...Ch. 13 - Which form of energy is renewable? A. solar B. oil...Ch. 13 - Which of the following types of reporting does the...Ch. 13 - Which of the following best defines stakeholders?...
Ch. 13 - Which of the following statements is most often...Ch. 13 - Which standards are considered universal under the...Ch. 13 - The SASB view on materiality has been adapted from...Ch. 13 - The fundamental tenets of SASBs Approach are...Ch. 13 - How many broad categories of capital are...Ch. 13 - What is sustainability and how might corporations...Ch. 13 - What is the value of triple bottom line reporting...Ch. 13 - What type of information do you think an oil...Ch. 13 - Identify four different stakeholders In need of...Ch. 13 - How might a business interact with each of the...Ch. 13 - Contrast the investment risk potentials of an...Ch. 13 - There are currently no formal mandatory...Ch. 13 - Explain the role and purpose of the Global...Ch. 13 - Explain the role and purpose of the Sustainability...Ch. 13 - Explain the role and purpose of the Integrated...
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Similar questions
- Beginning 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 reportingarrow_forwardSustainability reporting can incorporate which of the following? A. environmental reporting B. social reporting C. business viability reporting D. all of the abovearrow_forwardExplain how performance measurement can help improve an organization's business sustainability efforts.arrow_forward
- Explain the role and purpose of the Sustainability Accounting Standards Board.arrow_forwardDiscuss the various processes that can be put in place to ensure the organisation is seen to be embracing sustainability.arrow_forwardSuppose 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?arrow_forward
- Which of the following terms means knowing how a business is run and how it is influenced by external forces, and knowing and understanding the overall industry? A. commercial awareness B. conceptualization C. collaboration D. imaginationarrow_forwardWhich of the following is nor a common goal of an organization? A. operational efficiency B. being acquired by another business C. achieving strategic goals D. measuring financial performancearrow_forwardIn which areas of an organizations value chain can important business sustainability risks or opportunities arise? I. Research Development II. Customer Service III. Manufacturing IV. Warehousing Distribution a. I only b. II only c. III only d. II and IV e. I, II, III, and IVarrow_forward
- 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 chainarrow_forwardWhat are the components of a strategic plan? Find one of these components for the company you work for and share (if you are not currently employed, use the college you attend).arrow_forwardWhich reporting framework represents global standards for corporate sustainability reporting based on multiple modules that a company can choose from based on what is material for the organization? OSASB O GRI O LEED O CDParrow_forward
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