Some areas and aspects of social and economic life are not governed by any formal regulation

There obviously cannot be a rule for every single aspect

Regulations are frequently developed with a considerable time lag behind changes in social values

Rules normally set too specific requirements for organisations

None of the above

Costs or benefits affecting a third party, while imposing no cost on the organization

Benefits for shareholders

Benefits for stakeholders

Urgency

Legitimacy

Pressure

Power

None is correct

Social licence is also labelled organisational legitimacy

Social licence is a substitute for legal licence

Social licence is

the approval granted by the the Government

All are correct

Non-financial materiality can be subjective

Financial materiality is easy to identify in a numerical way

Non-financial materiality is often declined as double-materiality

An investor would expect higher returns when taking on lower risk

One should never invest in a business that has debt, because of the associated risk

An investor would expect lower returns when taking on higher risk

An investor would expect higher returns when taking on higher risk

Asset turnover

Fixed asset turnover

ROE

Current ratio

Identify whether the business offers stable job prospects to an employee

See whether value has indeed been created, and to predict whether the business will continue to do create value

All answers are correct

Evaluate the business's credit risk

Fixed asset turnover

Days inventory

Collection period

Settlement period

Operating cash flow

Profitability

Leverage

Asset efficiency