Bachelor of General Studies (BGS) Degree Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for your Bachelor of General Studies Degree Exam with targeted quizzes and resources. Test your readiness with a variety of question formats and detailed explanations. Maximize your exam potential today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What are the benefits of having a Global Social Audit?

Promoting only internal corporate values
Assessing compliance with local laws
Ensuring a broader stakeholder engagement
Evaluating corporate performance comprehensively

The correct answer is: Evaluating corporate performance comprehensively

Having a Global Social Audit provides the benefit of evaluating corporate performance comprehensively. This type of audit allows organizations to assess their social, environmental, and governance practices on a global scale. A comprehensive evaluation considers various aspects of a company's operations, including how they impact local communities, their environmental footprint, and how effectively they are meeting ethical standards and corporate responsibilities. Through this audit, companies can gain insights into their overall impact, identify areas for improvement, and enhance their strategies to foster sustainable growth. It supports transparency and accountability, which are crucial for building trust with stakeholders. By evaluating corporate performance in a holistic manner, organizations can make informed decisions that align with their mission and values while addressing the interests of multiple stakeholders.