BUS 421 Study Guide - Final Guide: Greenwashing, Global Reporting Initiative, Tripartism

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 421
• Professor: Jamal Nazari

Document Summary

Social accounting theory: identify and measure how well a corporation fulfills its social contract internally and externally; make available firm"s goals, policies, programs, and contributions to social goals; Social contract: the delivery of socially desirable ends (benefits/products) to society; and the distribution of social, economical, political benefits to groups from which it derives power. Social transaction: firms utilization of socioenvironmental resource which affects the interest of the firm"s social constituents (not processed through marketplace) Social overhead(return): sacrifice (benefit) to society from resources consumed (added) by firm through social transaction. Social income: net social contribution of firm (derived by net income, aggregate social overheads and social returns) Social equity: aggregate changes in claims each social constituent has in firm. Net social asset: nonmarket contribution to society"s wellbeing less its nonmarket consumption of society"s resources. Social constituents: distinct social groups with which firm has a social contract.