Question

- In 2011, the top two motivations to explain sustainability reporting were:

a) Ethical considerations and reputation or brand

b) Reputation or brand and innovation & learning

c) Employee motivation and risk management

d) Strengthened supplier relationships and access to capital

- What is Global Reporting Initiative (GRI)?

a) A network organization that developed a free framework for disclosure of economic, environmental and social performance

b) An organization that monitors economic, environmental and social performance

c) An organization that developed regulations for economic, environmental and social performance

d) A network organization that enables companies to communicate about economic, environmental and social initiatives

- The cost of inventory management is expressed in the following equation:

a) Total Cost = Ordering Costs + Warehousing Costs

b) Total Cost = Ordering Costs + Carrying Costs

c) Total Cost = Warehousing Costs + Carrying Costs

d) Total Cost = Warehousing Costs + Financing Costs

- The cost of ordering is expressed as “Ordering Costs = A/Q x K” where K is:

a) carrying costs of the order

b) lead time required to place the order

c) difference between the number of orders and the quantity of each order

d) cost of placing an order

Answer 1

1. The two motivations for explaining sustainability reporting were employees motivation and risk management

  

By sustainability reporting it enables improved risk management by ability to understand and manage anticipated risk, thus it helps in risk management

2. Global reporting initiative is a network organisation that enables companies to communicate about economic ,environmental and social initiatives

3. Total cost = carrying cost + ordering cost

4. In ordering cost formula, ordering cost = A/Q*K

"K" represents cost of placing an order