Match the items of List-I with the items of List-II and indicate the correct code : List – I List – II…
In Social Accounting models: the Corporate Value Added Model measures socially desirable outputs minus socially undesirable effects (iv); Raymond Bauer and Dan Fenn's Model…
Choose your answer
Match the items of List-I with the items of List-II and indicate the correct code :
List – I
List – II a. Value added Model i. It is based on the process audit thereby evaluating the corporate social performance.
b. Bauer-Fenn Model
ii. It takes into account the social benefits and costs. c. ABT Model
iii. It reflects the impact of a business enterprise on its employees, the local community and the public at large.
d. ESTs Model
iv. It shows the value added by the value of production of socially desirable outputs minus the value of socially undesirable effects.
Answer and explanation
Correct answer B
In Social Accounting models: the Corporate Value Added Model measures socially desirable outputs minus socially undesirable effects (iv); Raymond Bauer and Dan Fenn's Model (1972) is a 'process audit' approach evaluating corporate social programmes (i); Clark C. Abt's Social Audit Model prepares a social income statement and balance sheet reflecting a firm's impact on employees, the local community, and the general public (iii); and Ralph W. Estes's Comprehensive Social Accounting Model directly compares total social benefits and social costs (ii).
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UGC NET Commerce