Question 1

Carbon funds are:

Accepted Answer

A) created with a purpose of providing an incentive to increase the efficiency of fuel use. 
B) useful for assessing climate impacts and to disclose firms' energy use. 
C) set up to stimulate development of the emissions trading market and assist companies and governments to invest in carbon credits. 
D) pooled funds set up to purchase carbon credits, usually on behalf of companies and other investors. 
A) created with a purpose of providing an incentive to increase the efficiency of fuel use. 
B) useful for assessing climate impacts and to disclose firms' energy use. 
C) set up to stimulate development of the emissions trading market and assist companies and governments to invest in carbon credits. 
D) pooled funds set up to purchase carbon credits, usually on behalf of companies and other investors.

Question 2

Which of the following is NOT one of Gray's accounting values?

Accepted Answer

A) Secrecy vs.transparency 
B) Conservatism vs.optimism 
C) Capitalizing vs.expensing 
D) Uniformity vs.flexibility 
A) Secrecy vs.transparency 
B) Conservatism vs.optimism 
C) Capitalizing vs.expensing 
D) Uniformity vs.flexibility

Question 3

What are the most disclosed social report items by the U.S., the U.K., and Australia?

Accepted Answer

A) Research and development of sustainable products 
B) Greenhouse gas policies and procedures 
C) Human resources and community involvement 
D) Zero tolerance for racial, religious and gender bias 
A) Research and development of sustainable products 
B) Greenhouse gas policies and procedures 
C) Human resources and community involvement 
D) Zero tolerance for racial, religious and gender bias

Question 4

Which of the following are significant shortcomings with voluntary CSR practices?

Accepted Answer

A) Reliability of the disclosures 
B) Biased and self-laudatory disclosures 
C) Minimal disclosure of negative information 
D) All of the above 
A) Reliability of the disclosures 
B) Biased and self-laudatory disclosures 
C) Minimal disclosure of negative information 
D) All of the above

Question 5

Accountability is defined as what kind of a concept?

Accepted Answer

A) Reactive 
B) Financial 
C) Proactive 
D) Regulatory 
A) Reactive 
B) Financial 
C) Proactive 
D) Regulatory

Question 6

What is the purpose of the IFAC's Sustainability Framework?

Accepted Answer

A) To target professional accountants who can influence integration of sustainability into organizations' objectives, strategies, management, and definition of success 
B) To promote global adoption of GRI 
C) To target elected officials who can influence integration of sustainability into organizations' objectives, strategies, management, and definition of success 
D) To integrate the concept of sustainability into the Accounting Framework 
A) To target professional accountants who can influence integration of sustainability into organizations' objectives, strategies, management, and definition of success 
B) To promote global adoption of GRI 
C) To target elected officials who can influence integration of sustainability into organizations' objectives, strategies, management, and definition of success 
D) To integrate the concept of sustainability into the Accounting Framework

Question 7

The discovery of toxic waste dumps across the United States in the 1980s led to passage of what legislation?

Accepted Answer

A) Offshore drilling 
B) Superfund 
C) Sarbanes-Oxley 
D) Gramm-Rudman 
A) Offshore drilling 
B) Superfund 
C) Sarbanes-Oxley 
D) Gramm-Rudman

Question 8

The corporate social reporting (CSR) theory that social reporting is a means to deal with the firm's exposure to political, economic and social pressures is called the:

Accepted Answer

A) government accountability theory. 
B) depletable resource theory. 
C) legitimacy theory. 
D) stakeholder theory. 
A) government accountability theory. 
B) depletable resource theory. 
C) legitimacy theory. 
D) stakeholder theory.

Question 9

GRI's fourth-generation guidelines (G4):

Accepted Answer

A) represent a standardized approach to reporting, encouraging the degree of transparency and consistency. 
B) represent the right to emit or discharge a specific volume of the specified pollutant. 
C) create an incentive to increase the efficiency of fuel use, and thereby reduce greenhouse gas emissions from fuel. 
D) are a function of the attitude of top management toward its stakeholders. 
A) represent a standardized approach to reporting, encouraging the degree of transparency and consistency. 
B) represent the right to emit or discharge a specific volume of the specified pollutant. 
C) create an incentive to increase the efficiency of fuel use, and thereby reduce greenhouse gas emissions from fuel. 
D) are a function of the attitude of top management toward its stakeholders.

Question 10

GRI stands for:

Accepted Answer

A) Global Research Initiative. 
B) Global Reporting Initiative. 
C) Greenhouse Reporting for Industries. 
D) Greenhouse Regulation Initiative. 
A) Global Research Initiative. 
B) Global Reporting Initiative. 
C) Greenhouse Reporting for Industries. 
D) Greenhouse Regulation Initiative.

Question 11

In which company is there a strong correlation between high profitability and sustainability reporting?

Accepted Answer

A) Coca-Cola 
B) Microsoft 
C) IBM 
D) All of the above 
A) Coca-Cola 
B) Microsoft 
C) IBM 
D) All of the above

Question 12

According to Gray, which characteristic influences Spain's accounting values and reporting?

Accepted Answer

A) Transparency 
B) Secrecy 
C) Flexibility 
D) Optimism 
A) Transparency 
B) Secrecy 
C) Flexibility 
D) Optimism

Question 13

What is another name by which corporate social reporting (CSR) is also known?

Accepted Answer

A) Corporate integrity reporting 
B) Corporate image reporting 
C) Ecological footprint reporting 
D) Nonmonetary bottom line reporting 
A) Corporate integrity reporting 
B) Corporate image reporting 
C) Ecological footprint reporting 
D) Nonmonetary bottom line reporting

Question 14

What do investors in the Prototype Carbon Fund (PCF) receive in return for their investment?

Accepted Answer

A) A guaranteed 10% return 
B) The satisfaction of contributing to corporate societal values 
C) A reduction of the carbon tax 
D) A pro-rata share of the carbon credits 
A) A guaranteed 10% return 
B) The satisfaction of contributing to corporate societal values 
C) A reduction of the carbon tax 
D) A pro-rata share of the carbon credits

Carbon funds are:

Which of the following is NOT one of Gray's accounting values?

What are the most disclosed social report items by the U.S., the U.K., and Australia?

Which of the following are significant shortcomings with voluntary CSR practices?

Accountability is defined as what kind of a concept?

What is the purpose of the IFAC's Sustainability Framework?

The discovery of toxic waste dumps across the United States in the 1980s led to passage of what legislation?

The corporate social reporting (CSR) theory that social reporting is a means to deal with the firm's exposure to political, economic and social pressures is called the:

GRI's fourth-generation guidelines (G4):

GRI stands for:

In which company is there a strong correlation between high profitability and sustainability reporting?

According to Gray, which characteristic influences Spain's accounting values and reporting?

What is another name by which corporate social reporting (CSR) is also known?

What do investors in the Prototype Carbon Fund (PCF) receive in return for their investment?

Introduction to International Accounting

Worldwide Accounting Diversity

International Convergence of Financial Reporting

International Financial Reporting Standards: Part I

International Financial Reporting Standards: Part II

Comparative Accounting

Foreign Currency Transactions and Hedging Foreign Exchange Risk

Translation of Foreign Currency Financial Statements

Additional Financial Reporting Issues

Analysis of Foreign Financial Statements

International Taxation

International Transfer Pricing

Strategic Accounting Issues in Multinational Corporations

Comparative International Auditing and Corporate Governance

Filters

Exam 15: International Corporate Social Reporting

Carbon funds are:

Which of the following is NOT one of Gray's accounting values?

What are the most disclosed social report items by the U.S., the U.K., and Australia?

Which of the following are significant shortcomings with voluntary CSR practices?

Accountability is defined as what kind of a concept?

What is the purpose of the IFAC's Sustainability Framework?

The discovery of toxic waste dumps across the United States in the 1980s led to passage of what legislation?

The corporate social reporting (CSR) theory that social reporting is a means to deal with the firm's exposure to political, economic and social pressures is called the:

GRI's fourth-generation guidelines (G4):

GRI stands for:

In which company is there a strong correlation between high profitability and sustainability reporting?

According to Gray, which characteristic influences Spain's accounting values and reporting?

What is another name by which corporate social reporting (CSR) is also known?

What do investors in the Prototype Carbon Fund (PCF) receive in return for their investment?

Introduction to International Accounting

Worldwide Accounting Diversity

International Convergence of Financial Reporting

International Financial Reporting Standards: Part I

International Financial Reporting Standards: Part II

Comparative Accounting

Foreign Currency Transactions and Hedging Foreign Exchange Risk

Translation of Foreign Currency Financial Statements

Additional Financial Reporting Issues

Analysis of Foreign Financial Statements

International Taxation

International Transfer Pricing

Strategic Accounting Issues in Multinational Corporations

Comparative International Auditing and Corporate Governance

Filters