Bachelor of General Studies (BGS) Degree Practice Exam

Image Description

Question: 1 / 400

What are the benefits of having a Global Social Audit?

Promoting only internal corporate values

Assessing compliance with local laws

Ensuring a broader stakeholder engagement

Evaluating corporate performance comprehensively

Having a Global Social Audit provides the benefit of evaluating corporate performance comprehensively. This type of audit allows organizations to assess their social, environmental, and governance practices on a global scale. A comprehensive evaluation considers various aspects of a company's operations, including how they impact local communities, their environmental footprint, and how effectively they are meeting ethical standards and corporate responsibilities.

Through this audit, companies can gain insights into their overall impact, identify areas for improvement, and enhance their strategies to foster sustainable growth. It supports transparency and accountability, which are crucial for building trust with stakeholders. By evaluating corporate performance in a holistic manner, organizations can make informed decisions that align with their mission and values while addressing the interests of multiple stakeholders.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy