Question 1

The UN's Principles for Responsible Investment have mainly been adopted by which types of organisations?

Accepted Answer

A)  Builders. 
B)  Governments. 
C)  Mining companies. 
D)  Institutional investors. 
A)  Builders. 
B)  Governments. 
C)  Mining companies. 
D)  Institutional investors. D

Question 2

Which of the following is not an indicator under the GRI of labour practices and decent work performance?

Accepted Answer

A)  Workforce by gender. 
B)  Education and training programs in place. 
C)  Assessment of product life cycle stages for health and safety risks. 
D)  None of the above. They are all indicators of labour practices and decent work performance. 
A)  Workforce by gender. 
B)  Education and training programs in place. 
C)  Assessment of product life cycle stages for health and safety risks. 
D)  None of the above. They are all indicators of labour practices and decent work performance. C

Question 3

Which of the following make up the three parts of the triple bottom line? $\begin{array}{|l|l|l|l|}
\hline \text { I } & \text { Social } & \text { IV } & \text { Environmental } \
\hline \text { II } & \text { Government } & \text { V } & \text { Stakeholder } \
\hline \text { III } & \text { Economic } & \text { VI } & \text { Financial } \
\hline
\end{array}$

Accepted Answer

A)  II, IV and VI 
B)  I, III and IV 
C)  I, III and VI 
D)  II, IV and V 
A)  II, IV and VI 
B)  I, III and IV 
C)  I, III and VI 
D)  II, IV and V B

Question 4

Which of the following is not considered a stakeholder with potential interests in corporate sustainability?

Accepted Answer

A)  Media. 
B)  Government. 
C)  Financial Institutions. 
D)  None of the above. They are all potentially interested in corporate sustainability. 
A)  Media. 
B)  Government. 
C)  Financial Institutions. 
D)  None of the above. They are all potentially interested in corporate sustainability.

Question 5

The UN report, Our Common Future, defined sustainable development as 'development that…':

Accepted Answer

A)  allows all societies to meet their needs to an equal degree. 
B)  continues at the current pace, neither increasing nor decreasing into the foreseeable future. 
C)  meets the needs of the future without compromising the ability of current generations to meet their own needs. 
D)  meets the needs of the present without compromising the ability of future generations to meet their own needs. 
A)  allows all societies to meet their needs to an equal degree. 
B)  continues at the current pace, neither increasing nor decreasing into the foreseeable future. 
C)  meets the needs of the future without compromising the ability of current generations to meet their own needs. 
D)  meets the needs of the present without compromising the ability of future generations to meet their own needs.

Question 6

Which of the following statements is most correct regarding environmental, social and governance reports?

Accepted Answer

A)  They are not currently required in any country. 
B)  They are required as part of the IASB's accounting standards. 
C)  Norway is leading the way with regards to requiring reporting. 
D)  They are becoming mandatory in an increasing number of countries. 
A)  They are not currently required in any country. 
B)  They are required as part of the IASB's accounting standards. 
C)  Norway is leading the way with regards to requiring reporting. 
D)  They are becoming mandatory in an increasing number of countries.

Question 7

The International Integrated Reporting Committee was formed by which two bodies?

Accepted Answer

A)  GRI and A4S 
B)  NGO and GRI 
C)  UNHCR and IASB 
D)  IASB and FASB 
A)  GRI and A4S 
B)  NGO and GRI 
C)  UNHCR and IASB 
D)  IASB and FASB

Question 8

An emissions trading scheme:

Accepted Answer

A)  allows the trade of excess emissions permits. 
B)  can also be referred to as a 'cap and trade' scheme. 
C)  usually involves substantial fines for excessive polluters. 
D)  All of the above. 
A)  allows the trade of excess emissions permits. 
B)  can also be referred to as a 'cap and trade' scheme. 
C)  usually involves substantial fines for excessive polluters. 
D)  All of the above.

Question 9

Climate change has the ability to impact on traditional financial accounting in what way?

Accepted Answer

A)  Valuation of liabilities. 
B)  Impairment of assets. 
C)  Disclosure of risks. 
D)  All of the above 
A)  Valuation of liabilities. 
B)  Impairment of assets. 
C)  Disclosure of risks. 
D)  All of the above

Question 10

The Kyoto Protocol:

Accepted Answer

A)  commits countries to achieving specific greenhouse gas emissions reductions. 
B)  sets standards on corporate reporting of carbon emissions. 
C)  forbids trading in greenhouse gases. 
D)  All of the above. 
A)  commits countries to achieving specific greenhouse gas emissions reductions. 
B)  sets standards on corporate reporting of carbon emissions. 
C)  forbids trading in greenhouse gases. 
D)  All of the above.

Question 11

Which of the following statements about intragenerational equity is not true?

Accepted Answer

A)  It is an important aspect of eco-justice. 
B)  It is concerned with poverty and access to food, water and shelter. 
C)  It means that future generations should not have a lower quality of life. 
D)  none of the above. They are all true. 
A)  It is an important aspect of eco-justice. 
B)  It is concerned with poverty and access to food, water and shelter. 
C)  It means that future generations should not have a lower quality of life. 
D)  none of the above. They are all true.

Question 12

According to the research undertaken to date, what is the relationship between environmental performance and disclosure of corporations?

Accepted Answer

A)  Poor performers have poor disclosure, but no relationship has been found for good performers. 
B)  Poor performers have good disclosure, but no relationship has been found for good performers. 
C)  Good performers have good disclosure, but no relationship has been found for poor performers. 
D)  Research has not drawn any clear conclusions 
A)  Poor performers have poor disclosure, but no relationship has been found for good performers. 
B)  Poor performers have good disclosure, but no relationship has been found for good performers. 
C)  Good performers have good disclosure, but no relationship has been found for poor performers. 
D)  Research has not drawn any clear conclusions

Question 13

Which of the following terms is commonly used to mean sustainability reporting?

Accepted Answer

A)  Corporate social reporting. 
B)  Triple bottom line reporting. 
C)  Environmental, social and governance reporting. 
D)  All of the above. 
A)  Corporate social reporting. 
B)  Triple bottom line reporting. 
C)  Environmental, social and governance reporting. 
D)  All of the above.

Question 14

Stakeholder power is generally considered to relate to which of the following factors?

Accepted Answer

A)  How vocal they are prepared to be. 
B)  The amount of impact the organisation has on them. 
C)  The degree of control they have over resources required by the organisation. 
D)  None of the above. 
A)  How vocal they are prepared to be. 
B)  The amount of impact the organisation has on them. 
C)  The degree of control they have over resources required by the organisation. 
D)  None of the above.

Question 15

The IASB project on accounting for carbon emissions:

Accepted Answer

A)  does not exist. 
B)  remains unresolved. 
C)  is complete with the release of IFRS 4. 
D)  is currently an exposure draft (ED133/A.. 
A)  does not exist. 
B)  remains unresolved. 
C)  is complete with the release of IFRS 4. 
D)  is currently an exposure draft (ED133/A..

Question 16

Which of the following is an environmental performance indicator under the GRI framework?

Accepted Answer

A)  Anti-corruption policies. 
B)  Impacts of transport. 
C)  Rates of injury. 
D)  None of the above. 
A)  Anti-corruption policies. 
B)  Impacts of transport. 
C)  Rates of injury. 
D)  None of the above.

Question 17

Ethical investment funds might be concerned about how individual companies address climate change because:

Accepted Answer

A)  they believe carbon emissions proxy for economic performance. 
B)  they don't want to invest money on companies that waste money. 
C)  they believe companies that address environmental risks will perform better in the long run. 
D)  none of the above. 
A)  they believe carbon emissions proxy for economic performance. 
B)  they don't want to invest money on companies that waste money. 
C)  they believe companies that address environmental risks will perform better in the long run. 
D)  none of the above.

Exam 22: Sustainability and Corporate Social Responsibility Recording

The UN's Principles for Responsible Investment have mainly been adopted by which types of organisations?

Which of the following is not an indicator under the GRI of labour practices and decent work performance?

Which of the following make up the three parts of the triple bottom line? I Social IV Environmental II Government V Stakeholder III Economic VI Financial

Which of the following is not considered a stakeholder with potential interests in corporate sustainability?

The UN report, Our Common Future, defined sustainable development as 'development that…':

Which of the following statements is most correct regarding environmental, social and governance reports?

The International Integrated Reporting Committee was formed by which two bodies?

An emissions trading scheme:

Climate change has the ability to impact on traditional financial accounting in what way?

The Kyoto Protocol:

Which of the following statements about intragenerational equity is not true?

According to the research undertaken to date, what is the relationship between environmental performance and disclosure of corporations?

Which of the following terms is commonly used to mean sustainability reporting?

Stakeholder power is generally considered to relate to which of the following factors?

The IASB project on accounting for carbon emissions:

Which of the following is an environmental performance indicator under the GRI framework?

Ethical investment funds might be concerned about how individual companies address climate change because:

Accounting Regulation and the Conceptual Framework

Application of Accounting Theory

Fair Value Measurement

Inventories

Property, Plant and Equipment

Intangible Assets

Impairment of Assets

Provisions, Contingent Liabilities and Contingent Assets

Employee Benefits

Leases

Financial Instruments

Income Taxes

Share Capital and Reserves

Share Based Payment

Revenue

Presentation of Financial Statements

Statement of Cash Flows

Accounting Policies and Other Disclosures

Earnings Per Share

Operating Segments

Related Party Disclosures

Foreign Currency Transactions and Forward Exchange Contracts

Translation of Foreign Currency Financial Statements

Business Combinations

Consolidation: Controlled Entities

Consolidation: Wholly Owned Entities

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interest

Consolidation: Other Issues

Associates and Joint Ventures

Joint Arrangements

Insolvency and Liquidation

Accounting for Mineral Resources

Agriculture

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