The social audit is:
A) a company report that always includes a net social contribution.
B) a government-mandated report required of all firms that 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 measures the firm's social contributions inside and outside of the firm. It provides a comprehensive assessment of the company's social and environmental impact, including issues such as stakeholder engagement, community involvement, and environmental performance. It is not necessarily mandated by the government, and it does not always include a net social contribution or compare philanthropy to profits.

The Social Audit Is