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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Exhibit 13.8 contains results from KPMG’s survey of corporate responsibility reporting,21 showing how the percentage of the world’s 250 largest companies (i.e., the larger green bubbles) that issue corporate responsibility reports has changed over the years. According to Exhibit 13.8. when was the first year in which a majority (i.e., more than 50%) of these companies issued corporate responsibility reports?

  1. a. 1999
  2. b. 2002
  3. c. 2005
  4. d. 2008
  5. e. 2011

To determine

Identify the year in which majority of the world’s largest 250 companies issued corporate responsibility reports.

Explanation

Corporate Responsibility:

Corporate responsibility refers to undertaking various concerns of society and environment into consideration apart from profit making objectives. For example, consideration of employee’s health and safe working conditions, environmental concerns, use of non-renewable resources while making business decisions is regarded as undertaking corporate social responsibility.

c.

In year 2005, majority of the world’s largest 250 companies, that is 64% of such companies, issued corporate responsibility reports. Therefore, this is the correct option.

a.

In year 1999, only 35% of the world’s largest 250 companies issued corporate responsibility reports. Therefore, this is not the correct option...

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