Question 1

The ten-point code of environmental conduct is known as the:

Accepted Answer

A) GR Initiative. 
B) Sustainability Ethics. 
C) Ceres Principles. 
D) Environmental Practices. 
A) GR Initiative. 
B) Sustainability Ethics. 
C) Ceres Principles. 
D) Environmental Practices.

Question 2

A way to encourage more socially responsible behavior by companies is:

Accepted Answer

A) Market the 'good citizen' concept. 
B) Make breaches of behaviour more costly. 
C) Government action such as legislation. 
D) All of the above. 
A) Market the 'good citizen' concept. 
B) Make breaches of behaviour more costly. 
C) Government action such as legislation. 
D) All of the above.

Question 3

Once there is a complete move to sustainability reporting, TBL:

Accepted Answer

A) will still be required. 
B) may have to be extended. 
C) will be absorbed by sustainability reporting. 
D) may have to be modified. 
A) will still be required. 
B) may have to be extended. 
C) will be absorbed by sustainability reporting. 
D) may have to be modified.

Question 4

The main work carried out by Ceres in recent years relates to:

Accepted Answer

A) corporate environmental reporting. 
B) climate change. 
C) reduction and disposal of wastes. 
D) all of the above. 
A) corporate environmental reporting. 
B) climate change. 
C) reduction and disposal of wastes. 
D) all of the above.

Question 5

Which of these groups is recognised by stakeholder theory as having a legitimate interest in the business?

Accepted Answer

A) Customers. 
B) Government. 
C) Shareholders. 
D) All of the above. 
A) Customers. 
B) Government. 
C) Shareholders. 
D) All of the above.

Question 6

Which of the following statements is incorrect?

Accepted Answer

A) All stakeholders have an equal interest in a business. 
B) Some stakeholders have legitimate interests in only a part of a business. 
C) Environmentalists are seen as relatively 'new' stakeholders in business. 
D) All of the above are incorrect. 
A) All stakeholders have an equal interest in a business. 
B) Some stakeholders have legitimate interests in only a part of a business. 
C) Environmentalists are seen as relatively 'new' stakeholders in business. 
D) All of the above are incorrect.

Question 7

The perspective in the balanced scorecard approach that is concerned with how the business is running internally is the:

Accepted Answer

A) learning and growth perspective. 
B) customer perspective. 
C) financial perspective. 
D) business perspective. 
A) learning and growth perspective. 
B) customer perspective. 
C) financial perspective. 
D) business perspective.

Question 8

Which of these is a way in which sustainable reports should be similar to current financial reports?

Accepted Answer

A) Degree of auditability of reports. 
B) Reliance on monetary measures. 
C) Scope of report. 
D) Comparability. 
A) Degree of auditability of reports. 
B) Reliance on monetary measures. 
C) Scope of report. 
D) Comparability.

Question 9

Which of the following is an independent institution whose mission is to develop and disseminate globally applicable Sustainability Reporting Guidelines?

Accepted Answer

A) The Global Reporting Initiative (GRI). 
B) The Group of Eight. 
C) The United Nations. 
D) The World Bank. 
A) The Global Reporting Initiative (GRI). 
B) The Group of Eight. 
C) The United Nations. 
D) The World Bank.

Question 10

Which of these is an example of an environmental disclosure in an annual report?

Accepted Answer

A) Implementation of tree planting schemes. 
B) Introduction of environmental audits. 
C) Sponsoring environmental achievement awards. 
D) All are examples. 
A) Implementation of tree planting schemes. 
B) Introduction of environmental audits. 
C) Sponsoring environmental achievement awards. 
D) All are examples.

Question 11

Meeting society's need for goods and services without destroying natural or social capital is known as:

Accepted Answer

A) the greening of Australia. 
B) ethical living. 
C) sustainable value creation. 
D) none of the above. 
A) the greening of Australia. 
B) ethical living. 
C) sustainable value creation. 
D) none of the above.

Question 12

Which of these is not claimed as an advantage of the balanced scorecard approach?

Accepted Answer

A) Overhead costs will become a smaller percentage of total costs. 
B) More staff will have a better understanding of the big picture. 
C) Continual feedback and review will occur. 
D) Decisions will be based on fact. 
A) Overhead costs will become a smaller percentage of total costs. 
B) More staff will have a better understanding of the big picture. 
C) Continual feedback and review will occur. 
D) Decisions will be based on fact.

Question 13

Why do organisations find corporate social responsibility (CSR)such a challenge?

Accepted Answer

A) The public view of CSR continues to change. 
B) There is no real definition of CSR. 
C) There is no CSR 'checklist' for businesses to tick off. 
D) Both A and C. 
A) The public view of CSR continues to change. 
B) There is no real definition of CSR. 
C) There is no CSR 'checklist' for businesses to tick off. 
D) Both A and C.

Question 14

The sustainability reporting framework that is the most widely accepted standard for corporate sustainability reporting around the world is:

Accepted Answer

A) the ASX corporate governance principles. 
B) the balanced scorecard. 
C) the global reporting initiative (GRI). 
D) none of the above. 
A) the ASX corporate governance principles. 
B) the balanced scorecard. 
C) the global reporting initiative (GRI). 
D) none of the above.

Question 15

The specific standards classifications used by the GRI for disclosure does not include:

Accepted Answer

A) economic. 
B) environmental. 
C) governance. 
D) social. 
A) economic. 
B) environmental. 
C) governance. 
D) social.

Question 16

Which statement concerning the balanced scorecard is incorrect?

Accepted Answer

A) Reliance solely on financial data will provide an incomplete or unbalanced approach. 
B) Its essence is to develop qualitative rather than quantitative measurement tools. 
C) Financial information remains a core component of decision-making and strategy development. 
D) None of the above, i.e., all are correct. 
A) Reliance solely on financial data will provide an incomplete or unbalanced approach. 
B) Its essence is to develop qualitative rather than quantitative measurement tools. 
C) Financial information remains a core component of decision-making and strategy development. 
D) None of the above, i.e., all are correct.

Question 17

In evaluating the business perspective under the balanced scorecard approach, possible measures that could be employed are:

Accepted Answer

A) percentage of production completed which meets the set standards. 
B) percentage of systems automated. 
C) production days lost. 
D) all of the above. 
A) percentage of production completed which meets the set standards. 
B) percentage of systems automated. 
C) production days lost. 
D) all of the above.

Question 18

Which statement concerning the balanced scorecard is not true?

Accepted Answer

A) The Global Reporting Initiative and the balanced scorecard have much in common. 
B) The GRI approach is likely to shrink the role of the management accountant and expand the role of the financial accountant. 
C) It tends to change the emphasis from production to customers. 
D) None of the above, i.e., all are true statements. 
A) The Global Reporting Initiative and the balanced scorecard have much in common. 
B) The GRI approach is likely to shrink the role of the management accountant and expand the role of the financial accountant. 
C) It tends to change the emphasis from production to customers. 
D) None of the above, i.e., all are true statements.

The ten-point code of environmental conduct is known as the:

A way to encourage more socially responsible behavior by companies is:

Once there is a complete move to sustainability reporting, TBL:

The main work carried out by Ceres in recent years relates to:

Which of these groups is recognised by stakeholder theory as having a legitimate interest in the business?

Which of the following statements is incorrect?

The perspective in the balanced scorecard approach that is concerned with how the business is running internally is the:

Which of these is a way in which sustainable reports should be similar to current financial reports?

Which of the following is an independent institution whose mission is to develop and disseminate globally applicable Sustainability Reporting Guidelines?

Which of these is an example of an environmental disclosure in an annual report?

Meeting society's need for goods and services without destroying natural or social capital is known as:

Which of these is not claimed as an advantage of the balanced scorecard approach?

Why do organisations find corporate social responsibility (CSR)such a challenge?

The sustainability reporting framework that is the most widely accepted standard for corporate sustainability reporting around the world is:

The specific standards classifications used by the GRI for disclosure does not include:

Which statement concerning the balanced scorecard is incorrect?

In evaluating the business perspective under the balanced scorecard approach, possible measures that could be employed are:

Which statement concerning the balanced scorecard 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

The ten-point code of environmental conduct is known as the:

A way to encourage more socially responsible behavior by companies is:

Once there is a complete move to sustainability reporting, TBL:

The main work carried out by Ceres in recent years relates to:

Which of these groups is recognised by stakeholder theory as having a legitimate interest in the business?

Which of the following statements is incorrect?

The perspective in the balanced scorecard approach that is concerned with how the business is running internally is the:

Which of these is a way in which sustainable reports should be similar to current financial reports?

Which of the following is an independent institution whose mission is to develop and disseminate globally applicable Sustainability Reporting Guidelines?

Which of these is an example of an environmental disclosure in an annual report?

Meeting society's need for goods and services without destroying natural or social capital is known as:

Which of these is not claimed as an advantage of the balanced scorecard approach?

Why do organisations find corporate social responsibility (CSR)such a challenge?

The sustainability reporting framework that is the most widely accepted standard for corporate sustainability reporting around the world is:

The specific standards classifications used by the GRI for disclosure does not include:

Which statement concerning the balanced scorecard is incorrect?

In evaluating the business perspective under the balanced scorecard approach, possible measures that could be employed are:

Which statement concerning the balanced scorecard 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