Question

In the context of monitoring ethics and social responsibility in organizations, which of the following statements is true of a social audit?

a. It helps an organization to plan how it can achieve its social responsibility goals in the future.
b. It helps in identifying how activist customers, investors, unions, and environmentalists deter organizations from achieving their social responsibility goals.
c. Determining how to measure the achievement of established goals is the second step in the process of conducting a social audit.
d. When conducting a social audit, identifying threats of government legislation can demotivate industries from self-regulating.

Answer 1

A social audit helps an organization plan for achieving its social responsibility goals in the future by evaluating its current performance and establishing areas for improvement. option c is correct

Step-by-step explanation:

In the context of monitoring ethics and social responsibility in organizations, a social audit is a tool that is employed to assess and report on an organization's performance in relation to its social responsibility goals. The most accurate statement among the options is (a), that it helps an organization to plan how it can achieve its social responsibility goals in the future.

A social audit evaluates an organization's social, ethical, and environmental performance and provides insights that can inform future plans and actions to uphold and improve upon these standards. The audit process typically involves measuring the organization's performance against established social responsibility goals, identifying areas for improvement, and planning the next steps for betterment.

It's important to note that an effective social audit will not simply identify external pressures, such as actions from activist groups (option b) or legislation threats (option d), that may impact an organization's approach to social responsibility. Instead, it aims at providing a comprehensive review of the company's initiatives and the effectiveness of its approach to being socially responsible. Furthermore, determining how to measure the achievement of goals is not necessarily the second step, as option c is correct