Question 1

Which statement concerning triple bottom line reporting is not correct?

Accepted Answer

A) It means that the need for goods and services should be met without destroying natural or social capital. 
B) Companies tend to report favourable news rather than unfavourable news. 
C) It only deals with things that can be measured. 
D) The phrase was coined by John Elkington. 
A) It means that the need for goods and services should be met without destroying natural or social capital. 
B) Companies tend to report favourable news rather than unfavourable news. 
C) It only deals with things that can be measured. 
D) The phrase was coined by John Elkington.

Question 2

What has been found in recent world studies on voluntary social responsibility reporting?

Accepted Answer

A) reporting was done principally by the largest companies. 
B) disclosure was greatest in Australia. 
C) reporting was mainly of a quantitative nature. 
D) companies tended to provide 'bad news' as well as 'good news.' 
A) reporting was done principally by the largest companies. 
B) disclosure was greatest in Australia. 
C) reporting was mainly of a quantitative nature. 
D) companies tended to provide 'bad news' as well as 'good news.'

Question 3

Which of these is not a broad guideline that it would be desirable for triple bottom line reporting to follow?

Accepted Answer

A) Be balanced, including negatives as well as positives. 
B) Have external verification. 
C) Be independent of other financial reports. 
D) None of the above, i.e., all are broad guidelines. 
A) Be balanced, including negatives as well as positives. 
B) Have external verification. 
C) Be independent of other financial reports. 
D) None of the above, i.e., all are broad guidelines.

Question 4

The total impact of business actions on society at large is known as:

Accepted Answer

A) social responsibility. 
B) risk. 
C) corporate governance. 
D) economic impact. 
A) social responsibility. 
B) risk. 
C) corporate governance. 
D) economic impact.

Question 5

Which of these is not one of the perspectives from which the balanced scorecard views the business?

Accepted Answer

A) Product. 
B) Financial. 
C) Customer. 
D) Business process. 
A) Product. 
B) Financial. 
C) Customer. 
D) Business process.

Question 6

What is the collective term for any individual or group with an interest in the activities of an entity?

Accepted Answer

A) creditor. 
B) shareholder. 
C) manager. 
D) stakeholder. 
A) creditor. 
B) shareholder. 
C) manager. 
D) stakeholder.

Question 7

Which of the following statements is not correct?

Accepted Answer

A) Social and environmental concerns now have to be taken seriously by business. 
B) It is no longer sufficient for business to be focused solely on the maximisation of wealth. 
C) All businesses currently accept that sustainability is the primary goal. 
D) There is increasing pressure for management to address a much broader range of issues than in the past. 
A) Social and environmental concerns now have to be taken seriously by business. 
B) It is no longer sufficient for business to be focused solely on the maximisation of wealth. 
C) All businesses currently accept that sustainability is the primary goal. 
D) There is increasing pressure for management to address a much broader range of issues than in the past.

Question 8

What is the most common area of voluntary social responsibility reporting in Australia?

Accepted Answer

A) nuclear waste. 
B) human resources (health and safety, working conditions, etc.). 
C) philanthropy. 
D) none of the above. 
A) nuclear waste. 
B) human resources (health and safety, working conditions, etc.). 
C) philanthropy. 
D) none of the above.

Question 9

Which of the following statements does not apply to an organisation's human resources?

Accepted Answer

A) Traditional accounting does not account for human resources very well. 
B) In some organisations, human resources are the key assets. 
C) Human resources can be the only significant asset in some organisations. 
D) All of the above statements apply. 
A) Traditional accounting does not account for human resources very well. 
B) In some organisations, human resources are the key assets. 
C) Human resources can be the only significant asset in some organisations. 
D) All of the above statements apply.

Question 10

What is the essence of triple bottom line reporting?

Accepted Answer

A) pollution control. 
B) social responsibility. 
C) sustainable development. 
D) wealth creation. 
A) pollution control. 
B) social responsibility. 
C) sustainable development. 
D) wealth creation.

Question 11

Reasons why a business might engage in activities that are less profitable to itself but which are beneficial to society are:

Accepted Answer

A) because of expectations of future legislation. 
B) to market itself as a good citizen. 
C) to improve liquidity. 
D) Both A and B. 
A) because of expectations of future legislation. 
B) to market itself as a good citizen. 
C) to improve liquidity. 
D) Both A and B.

Question 12

Under the GRI Guidelines for General Standard Disclosures, which of the following would not be reported under governance?

Accepted Answer

A) The process for appointing executives responsible for environmental issues. 
B) A listing of all organisations constituting the group in the consolidated report. 
C) The composition and process selection for directors. 
D) Processes followed for consultation between the executive body and the stakeholders. 
A) The process for appointing executives responsible for environmental issues. 
B) A listing of all organisations constituting the group in the consolidated report. 
C) The composition and process selection for directors. 
D) Processes followed for consultation between the executive body and the stakeholders.

Question 13

On what does sustainability reporting tend to report?

Accepted Answer

A) social sustainability. 
B) issues impacting on the environment. 
C) Both A and B. 
D) Neither A nor B. 
A) social sustainability. 
B) issues impacting on the environment. 
C) Both A and B. 
D) Neither A nor B.

Question 14

Which of the following would not be seen as a positive CSR disclosure?

Accepted Answer

A) Recycling materials. 
B) Rehabilitating mining sites. 
C) Admission of excessive pollution emissions. 
D) Using environmental audits. 
A) Recycling materials. 
B) Rehabilitating mining sites. 
C) Admission of excessive pollution emissions. 
D) Using environmental audits.

Question 15

For a business to be seen as socially responsible, the business must:

Accepted Answer

A) assess the social costs and benefits of the actions it takes. 
B) develop and implement policies and practices in the area of social responsibility. 
C) ensure the media is aware that it takes social responsibility seriously, even though there may be no real indicators. 
D) Both A and B. 
A) assess the social costs and benefits of the actions it takes. 
B) develop and implement policies and practices in the area of social responsibility. 
C) ensure the media is aware that it takes social responsibility seriously, even though there may be no real indicators. 
D) Both A and B.

Question 16

Australia:

Accepted Answer

A) has most companies reporting on social responsibilities. 
B) has some companies who report on social responsibilities. 
C) has no companies who report on social responsibilities. 
D) none of the above. 
A) has most companies reporting on social responsibilities. 
B) has some companies who report on social responsibilities. 
C) has no companies who report on social responsibilities. 
D) none of the above.

Question 17

The GRI Guidelines relating to reporting content covers the areas of sustainability context and:

Accepted Answer

A) materiality. 
B) completeness. 
C) shareholder inclusiveness. 
D) All of the above. 
A) materiality. 
B) completeness. 
C) shareholder inclusiveness. 
D) All of the above.

Question 18

Which Australian company had to pay compensation to victims of exposure to asbestos?

Accepted Answer

A) BHP Billiton 
B) James Hardie 
C) Rio Tinto 
D) Enron 
A) BHP Billiton 
B) James Hardie 
C) Rio Tinto 
D) Enron

Question 19

Which of the following is a reason that a business might engage in activities that are less profitable to itself but which are beneficial to society?

Accepted Answer

A) Because of expectations of future legislation 
B) Because of enlightened self-interest 
C) To publish the results and put pressure on competitors 
D) All of the above 
A) Because of expectations of future legislation 
B) Because of enlightened self-interest 
C) To publish the results and put pressure on competitors 
D) All of the above

Question 20

Which statement about the effect of the Global Reporting Initiative (GRI)and strategic decision-making is not true?

Accepted Answer

A) The GRI broadens management perspectives. 
B) Management must consider questions such as how the perception of the company can be improved or damaged in the longer term. 
C) Strategic decision-making is less difficult than short-term decision-making as more options become available when looking to the longer-term. 
D) SWOT analysis is an approach that can be applied to strategic decision-making. 
A) The GRI broadens management perspectives. 
B) Management must consider questions such as how the perception of the company can be improved or damaged in the longer term. 
C) Strategic decision-making is less difficult than short-term decision-making as more options become available when looking to the longer-term. 
D) SWOT analysis is an approach that can be applied to strategic decision-making.

Which statement concerning triple bottom line reporting is not correct?

What has been found in recent world studies on voluntary social responsibility reporting?

Which of these is not a broad guideline that it would be desirable for triple bottom line reporting to follow?

The total impact of business actions on society at large is known as:

Which of these is not one of the perspectives from which the balanced scorecard views the business?

What is the collective term for any individual or group with an interest in the activities of an entity?

Which of the following statements is not correct?

What is the most common area of voluntary social responsibility reporting in Australia?

Which of the following statements does not apply to an organisation's human resources?

What is the essence of triple bottom line reporting?

Reasons why a business might engage in activities that are less profitable to itself but which are beneficial to society are:

Under the GRI Guidelines for General Standard Disclosures, which of the following would not be reported under governance?

On what does sustainability reporting tend to report?

Which of the following would not be seen as a positive CSR disclosure?

For a business to be seen as socially responsible, the business must:

Australia:

The GRI Guidelines relating to reporting content covers the areas of sustainability context and:

Which Australian company had to pay compensation to victims of exposure to asbestos?

Which of the following is a reason that a business might engage in activities that are less profitable to itself but which are beneficial to society?

Which statement about the effect of the Global Reporting Initiative (GRI)and strategic decision-making is not true?

Introduction to Accounting

Measuring and Reporting Financial Position

Measuring and Reporting Financial Performance

Introduction to Limited Companies

Regulatory Framework for Companies

Measuring and Reporting Cash Flows

Analysis and Interpretation of Financial Statements

Cost-Volume-Profit Analysis and Relevant Costing

Full Costing

Budgeting

Capital Investment Decisions

The Management of Working Capital

Financing the Business

Filters

Exam 7: Corporate Social Responsibility and Sustainability Accounting

Which statement concerning triple bottom line reporting is not correct?

What has been found in recent world studies on voluntary social responsibility reporting?

Which of these is not a broad guideline that it would be desirable for triple bottom line reporting to follow?

The total impact of business actions on society at large is known as:

Which of these is not one of the perspectives from which the balanced scorecard views the business?

What is the collective term for any individual or group with an interest in the activities of an entity?

Which of the following statements is not correct?

What is the most common area of voluntary social responsibility reporting in Australia?

Which of the following statements does not apply to an organisation's human resources?

What is the essence of triple bottom line reporting?

Reasons why a business might engage in activities that are less profitable to itself but which are beneficial to society are:

Under the GRI Guidelines for General Standard Disclosures, which of the following would not be reported under governance?

On what does sustainability reporting tend to report?

Which of the following would not be seen as a positive CSR disclosure?

For a business to be seen as socially responsible, the business must:

Australia:

The GRI Guidelines relating to reporting content covers the areas of sustainability context and:

Which Australian company had to pay compensation to victims of exposure to asbestos?

Which of the following is a reason that a business might engage in activities that are less profitable to itself but which are beneficial to society?

Which statement about the effect of the Global Reporting Initiative (GRI)and strategic decision-making is not true?

Introduction to Accounting

Measuring and Reporting Financial Position

Measuring and Reporting Financial Performance

Introduction to Limited Companies

Regulatory Framework for Companies

Measuring and Reporting Cash Flows

Analysis and Interpretation of Financial Statements

Cost-Volume-Profit Analysis and Relevant Costing

Full Costing

Budgeting

Capital Investment Decisions

The Management of Working Capital

Financing the Business

Filters