Managerial Accounting Today: Focus on the Value Chain $-$ Knowledge Check

Knowledge Check

Select the steps in the value chain of a mantiacturer in the correct order, starting at the top.

Which of the following is not correct concerning corporate social responsibility?

It is often incorporated into a balanced scorecard.

It evaluates a company's performance with regard to people, planet, and profit.

It is sometimes referred to as the triple bottom line.

It considers a company's efforts to employ the most profitable business practices with regard to its employees, society, and the environment.