The correct answer is: A. Social Accounting
Jaggi and Lau’s Model is a social accounting model that was developed in 1976 by N. K. Jaggi and S. S. Lau. The model is used to measure the social performance of a company. It does this by identifying and measuring the company’s social impacts, both positive and negative. The model then uses these impacts to calculate the company’s social performance score.
Social accounting is a type of accounting that focuses on the social impacts of a company’s activities. It is a relatively new field of accounting, and there is no single agreed-upon definition of social accounting. However, most definitions of social accounting include the following elements:
- Identification and measurement of a company’s social impacts
- Reporting of the company’s social impacts to stakeholders
- Use of the information to improve the company’s social performance
Social accounting can be used to measure a wide range of social impacts, including:
- Environmental impacts
- Employee impacts
- Community impacts
- Customer impacts
- Supplier impacts
Social accounting can be used to improve a company’s social performance in a number of ways. For example, it can help companies to identify and address social problems, to improve their relationships with stakeholders, and to attract and retain employees.
Social accounting is a valuable
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