How do businesses around the globe monitor ethics and social ...

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How do businesses around the globe monitor ethics and social responsibility?

Question 2

A limit on the amount of a particular good that may be imported into a country during a given period of time is called an import quota.
 
 Indicate whether the statement is true or false

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Answer to Question 1

Many firms are monitoring their firm's ethics and social responsibility. The process is called a social audit, which is a systematic evaluation of how well a firm is meeting its ethics and social responsibility objectives. Establishing goals is the starting point for a social audit, but the next step is to determine how to measure the achievement of those goals, and measurement can be a bit tricky. As You Sow, an organization dedicated to promoting corporate social responsibility, recommends that companies measure their success by evaluating a double bottom line, one that accounts for traditional financial indicators, such as earnings, and one that accounts for social-responsibility indicators, such as community involvement.

Answer to Question 2

True