{"id":56631,"date":"2024-04-16T00:48:01","date_gmt":"2024-04-16T00:48:01","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=56631"},"modified":"2024-04-16T00:48:01","modified_gmt":"2024-04-16T00:48:01","slug":"the-objective-of-social-accountings-is-to-find-out","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-objective-of-social-accountings-is-to-find-out\/","title":{"rendered":"The objective of social accountings is to find out"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;efficiency&#8221; option2=&#8221;profit earnd&#8221; option3=&#8221;cost and benefit to society&#8221; option4=&#8221;value of personnel&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: C. cost and benefit to society.<\/p>\n<p>Social accounting is a type of accounting that focuses on the social and environmental impacts of an organization&#8217;s activities. It is used to measure the costs and benefits of an organization&#8217;s activities to society as a whole, rather than just to the organization itself.<\/p>\n<p>Social accounting can be used to identify areas where an organization can improve its social and environmental performance. It can also be used to communicate an organization&#8217;s social and environmental performance to stakeholders, such as investors, customers, and employees.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: efficiency. Efficiency is a measure of how well an organization uses its resources to achieve its goals. Social accounting can be used to measure efficiency by comparing the costs and benefits of an organization&#8217;s activities.<\/li>\n<li>Option B: profit earned. Profit is the difference between an organization&#8217;s revenues and expenses. Social accounting is not concerned with profit, as it is focused on the social and environmental impacts of an organization&#8217;s activities.<\/li>\n<li>Option C: cost and benefit to society. Social accounting is concerned with the costs and benefits of an organization&#8217;s activities to society as a whole. This includes both positive and negative impacts, such as job creation and pollution.<\/li>\n<li>Option D: value of personnel. The value of personnel is a measure of the contribution of employees to an organization&#8217;s success. Social accounting is not concerned with the value of personnel, as it is focused on the social and environmental impacts of an organization&#8217;s activities.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;efficiency&#8221; option2=&#8221;profit earnd&#8221; option3=&#8221;cost and benefit to society&#8221; option4=&#8221;value of personnel&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-56631","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The objective of social accountings is to find out<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-objective-of-social-accountings-is-to-find-out\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The objective of social accountings is to find out\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;efficiency&#8221; 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