A company's annual report describes the company's efforts to give back to the community.The primary purpose of this report is to ________;the secondary purpose is to ________.

Question

Quizplus · Accepted Answer

The primary purpose of the annual report is to inform stakeholders (including shareholders, investors, and potential customers) about the company's social responsibility and community involvement efforts, which can promote goodwill and positively impact the company's reputation. The secondary purpose may be to indirectly persuade stakeholders to continue to support the company by highlighting these positive initiatives.

A Company's Annual Report Describes the Company's Efforts to Give