ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Either A or B
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None of the above
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Detailed explanation-1: -1 Introduction. Social Audit is one type of audit that verifies information on social responsibility, social performance of the organization. CSR describes the incorporation of social issues such as human and labor rights or community relations into business relations.
Detailed explanation-2: -The difference between social audit and financial audit: Social audit is the benefits or impacts faced by society because of the organisation. The financial audit covers non-financial matters that have an impact on the financial status of the entity.
Detailed explanation-3: -What is a social audit? A social audit is a way of measuring, understanding, reporting and ultimately improving an organization’s social and ethical performance. A social audit helps to narrow gaps between vision/goal and reality, between efficiency and effectiveness.