What is the main goal of Corporate Social Responsibility (CSR)?
a) Profit maximization
b) Enhancing shareholder value
c) Contributing positively to society
d) Increasing employee compensation
Which of the following is an example of CSR in a company?
a) Reducing environmental pollution
b) Maximizing profits only
c) Focusing only on cost-cutting
d) Limiting employee benefits
Which of the following is a key principle in CSR accounting?
a) Profit-sharing
b) Environmental sustainability
c) Minimizing tax liabilities
d) Financial speculation
In CSR accounting, how are environmental initiatives typically treated?
a) As operating expenses
b) As assets
c) As liabilities
d) As capital investments
Which of the following would be classified as CSR expenditure?
a) Advertising expenses
b) Donations to charity
c) Interest on loans
d) Depreciation of assets
Which standard guides CSR accounting for companies listed in the EU?
a) IFRS
b) GAAP
c) EU Non-financial Reporting Directive
d) FASB
What is one of the key benefits of CSR reporting?
a) Increased tax deductions
b) Improved public perception
c) Increased production costs
d) Reduced regulatory compliance
Which of the following can be an outcome of good CSR accounting practices?
a) Higher operating costs
b) Lower market share
c) Improved brand reputation
d) Reduced customer base
Which of the following best defines CSR?
a) Activities aimed at increasing company profits
b) Voluntary actions by companies to improve social welfare
c) Efforts to reduce competition
d) Investments made solely for financial returns
Which of the following is an example of CSR accounting disclosure?
a) The company’s tax rate
b) The company’s environmental impact reports
c) The company’s stock price
d) The company’s CEO salary
Which accounting method is often used to account for CSR activities?
a) Accrual accounting
b) Cash basis accounting
c) Fair value accounting
d) Tax accounting
Which of the following is a challenge in CSR accounting?
a) Determining the amount of social value generated
b) Calculating depreciation of CSR assets
c) Identifying non-financial reporting standards
d) Maximizing tax benefits
Which of the following is the most common CSR activity?
a) Providing employees with free company cars
b) Sponsoring community events
c) Maximizing profit margins
d) Cutting costs in production
Which organization has set guidelines for CSR reporting in India?
a) SECP
b) ICAI
c) Global Reporting Initiative
d) RBI
Which of the following is NOT a CSR initiative?
a) Supporting environmental protection programs
b) Paying higher wages to employees
c) Donating to local charities
d) Reducing environmental impact
Which of the following is a key CSR objective related to stakeholders?
a) Ensuring employee satisfaction
b) Maximizing customer complaints
c) Avoiding tax payments
d) Reducing profit margins
Which of the following is an advantage of CSR for businesses?
a) Increased regulation
b) Lower profitability
c) Enhanced brand loyalty
d) Reduced production capacity
Which CSR-related expense might be considered for tax deductions?
a) Environmental projects
b) CEO salaries
c) Marketing costs
d) Office rent
Which area does CSR typically focus on?
a) Marketing only
b) Social, environmental, and economic impact
c) Corporate governance only
d) Tax avoidance strategies
Which of the following is an example of social CSR initiatives?
a) Donating to education programs
b) Maximizing shareholder profit
c) Reducing production costs
d) Increasing CEO bonuses
How can CSR practices affect a company’s financial performance?
a) By improving sales and customer loyalty
b) By reducing operational efficiency
c) By increasing liabilities
d) By decreasing stakeholder trust
Which of the following can be used to measure CSR impact?
a) Profit and loss statement
b) Social return on investment (SROI)
c) Cash flow statement
d) Tax returns
Which CSR activity is aimed at environmental protection?
a) Reducing carbon emissions
b) Increasing employee pay
c) Launching new marketing campaigns
d) Opening new branches
Which document is required for CSR compliance in many countries?
a) Balance sheet
b) Non-financial report
c) Income tax returns
d) Cash flow statement
Which of the following is NOT typically included in CSR accounting?
a) Environmental conservation projects
b) Donations to local charities
c) Profits from product sales
d) Volunteer work programs
Which type of CSR activity could a company report as part of its social responsibility?
a) Reducing worker wages
b) Sponsoring educational programs
c) Increasing employee turnover
d) Limiting product innovation
Which of the following is the primary challenge of CSR reporting?
a) Lack of financial data
b) Inability to measure social outcomes
c) High marketing costs
d) Decreasing employee engagement
Which is a potential disadvantage of not engaging in CSR?
a) Enhanced brand loyalty
b) Positive media coverage
c) Reputation damage
d) Stronger employee relations
