The social audit is:
A)a company report that always include a net social contribution.
B)a government mandated report required of all firms who have a business license.
C)a company report that measures the firm's social contributions inside and outside of the firm.
D)a recent development that creates a ratio to compare a firm's corporate philanthropy to its profits.

Question

Quizplus · Accepted Answer

The social audit is a company report that assesses and measures the firm's social contributions both inside and outside of the firm. It looks at how the company's activities affect stakeholders, such as employees, customers, communities, and the environment. Unlike choice A and D, a social audit doesn't necessarily include a net social contribution or a ratio to compare corporate philanthropy to profits. Additionally, choice B is incorrect since a government mandated report of this nature is not required of all firms who have a business license.

The Social Audit Is