Chapter 9 - Sustainability reporting P1

The Brundtland Report defined 'sustainable development' in terms of

A. Intergenerational equity

B. Intragenerational equity

C. Both inter- and intra-generational equity

D. None of the given options are correct.

It is commonly asserted that businesses should be sustainable because

A. The interests of business, society and the environment are aligned in the medium term.

B. The interests of business, society and the environment are aligned in the long term

C. The interests of business, society and the environment are aligned in the short term

D. All of the given options are correct.

A company reporting on its social and environmental performance could be explained by:

A. Legitimacy Theory, if management believed that the report would enhance the company's licence to operate

B. Managerial Stakeholder Theory, if management believed that reporting would influence the perceptions of powerful stakeholders

C. Institutional Theory, if management believed that by reporting they would gain approval from powerful stakeholders

D. All of the given options are correct.

The drivers towards greater corporate social responsibility identified by the Business Council of Australia did not include improved:

A. Employee recruitment and motivation

B. Competitiveness and market positioning

C. Social and environmental performance

D. Operational efficiency

'Enlightened self-interest' means that businesses:

A. Will sacrifice financial returns in order to improve social and environmental performance

B. Will not sacrifice financial returns in order to improve social and environmental performance

C. Do not believe there is a conflict between financial returns and social and environmental performance

D. None of the given options are correct.

Which of the following is implied by the 'shareholder primacy' view of corporate reporting?

A. Regulators should mandate greater social and environmental reporting

B. Reporting should primarily meet the needs of those with a financial stake in the organisation.

C. Organisations will voluntarily adopt greater social and environmental reporting.

D. All of the given options are correct.

Which of the following is false?

A. Many companies believe that social and environmental objectives can be achieved without sacrificing profitability.

B. Many companies believe that social and environmental issues are becoming more important to their customers

C. Many companies believe that consideration of social and environmental issues is necessary for

D. None of the given options are false.

The Business Council of Australia views the stakeholders of a business as those parties which:

A. Can affect the operations of a business

B. Are affected by the operations of a business

C. Both can affect, and are affected by, the operations of a business

D. None of the given options are correct.

Researchers have concluded that there is a demand for environmental and social disclosures based on:

A. Surveys of stakeholders

B. Examining the impacts on share prices of company disclosures

C. Examining the impacts on share prices by independent rating agencies

D. All of the given options are correct.

Including all affected stakeholders in a dialogue with the corporation may be difficult because:

A. There may be multiple stakeholder groups in diverse geographic regions

B. Stakeholders may be reluctant to express their honest views to the company for fear of reprisal

C. The stakeholders may not be aware of the corporation's activities

D. All of the given options are correct.

Chapter 9 - Sustainability reporting P1

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