SUSTAINABILITY FINAL EXAM
QUESTIONS AND ANSWERS
Companies report using SASB standards to meet unique disclosure objectives
alongside additional frameworks to communicate the link between sustainability
management and financial performance.
A) True
B) False - Correct Answers -A) True
Activity metrics are included to measure the scale of the business, provide operational
context, and facilitate normalization of accounting metrics, which are important for
investor data analysis.
A) True
B) False - Correct Answers -A) True
If a disclosure topic and/or metric in a particular industry standard does not apply to a
company, the company may choose to omit it from its report. In these cases, is it
considered best practice for a company to disclose the omission(s) as well as its
rationale for doing so?
A) Yes
B) No - Correct Answers -A) Yes
The decision to publish an assurance statement often reflects all of the following except
what?
A) the maturity of a company's internal data collection processes over ESG data.
B) their internal controls over ESG data.
C) board/management oversight over ESG data.
D) their rankings in an ESG index. - Correct Answers -D) their rankings in an ESG
index.
Assurance signals to report users that the information is __________ .
A) Relevant
B) Comprehensive
C) Reliable
D) Consistent - Correct Answers -C) Reliable
Mr. Chouinard, his wife and two adult children have transferred their ownership of
Patagonia, valued at about __________, to a specially designed trust and a nonprofit
organization.
, A) $700 million
B) $2 billion
C) $3 billion
D) $3.6 billion - Correct Answers -C) $3 billion
What organization below provided the course material titled, "Fundamentals of
Integrated Reporting Certificate"
A) American Accounting Association (AAA)
B) International Federation of Accoutants (IFAC)
C) Association of International Certified Professional Accountants (AICPA)
D) International Integrated Reporting Council (IIRC) - Correct Answers -C) Association
of International Certified Professional Accountants (AICPA)
Over what time periods does Integrated thinking consider the creation of value?
A) Short-term
B) Medium-term
C) Long-term
D) B & C only
E) A, B, & C - Correct Answers -E) A, B, & C
"A process founded on integrated thinking that results in a periodic report by an
organization about value creation over time and related communications regarding
aspects of value creation," is the definition of?
A) Integrated Thinking
B) Integrated Report
C) Integrated Reporting
D) All of the above - Correct Answers -C) Integrated Reporting
Which of the various boundaries mentioned is closest to that for traditional financial
reporting?
A) Operational
B) Organizational
C) Reporting
D) Personal-space - Correct Answers -B) Organizational
AT-C section 105 states that suitable criteria exhibit how many characteristics?
A) 2
B) 3
C) 4
D) 5 - Correct Answers -C) 4
Gases other than carbon dioxide are often expressed as _____________?
A) Single steer equivalents (SSe)
B) Single hog equivalents (SHe)
C) Methane equivalents (CH4e)
QUESTIONS AND ANSWERS
Companies report using SASB standards to meet unique disclosure objectives
alongside additional frameworks to communicate the link between sustainability
management and financial performance.
A) True
B) False - Correct Answers -A) True
Activity metrics are included to measure the scale of the business, provide operational
context, and facilitate normalization of accounting metrics, which are important for
investor data analysis.
A) True
B) False - Correct Answers -A) True
If a disclosure topic and/or metric in a particular industry standard does not apply to a
company, the company may choose to omit it from its report. In these cases, is it
considered best practice for a company to disclose the omission(s) as well as its
rationale for doing so?
A) Yes
B) No - Correct Answers -A) Yes
The decision to publish an assurance statement often reflects all of the following except
what?
A) the maturity of a company's internal data collection processes over ESG data.
B) their internal controls over ESG data.
C) board/management oversight over ESG data.
D) their rankings in an ESG index. - Correct Answers -D) their rankings in an ESG
index.
Assurance signals to report users that the information is __________ .
A) Relevant
B) Comprehensive
C) Reliable
D) Consistent - Correct Answers -C) Reliable
Mr. Chouinard, his wife and two adult children have transferred their ownership of
Patagonia, valued at about __________, to a specially designed trust and a nonprofit
organization.
, A) $700 million
B) $2 billion
C) $3 billion
D) $3.6 billion - Correct Answers -C) $3 billion
What organization below provided the course material titled, "Fundamentals of
Integrated Reporting Certificate"
A) American Accounting Association (AAA)
B) International Federation of Accoutants (IFAC)
C) Association of International Certified Professional Accountants (AICPA)
D) International Integrated Reporting Council (IIRC) - Correct Answers -C) Association
of International Certified Professional Accountants (AICPA)
Over what time periods does Integrated thinking consider the creation of value?
A) Short-term
B) Medium-term
C) Long-term
D) B & C only
E) A, B, & C - Correct Answers -E) A, B, & C
"A process founded on integrated thinking that results in a periodic report by an
organization about value creation over time and related communications regarding
aspects of value creation," is the definition of?
A) Integrated Thinking
B) Integrated Report
C) Integrated Reporting
D) All of the above - Correct Answers -C) Integrated Reporting
Which of the various boundaries mentioned is closest to that for traditional financial
reporting?
A) Operational
B) Organizational
C) Reporting
D) Personal-space - Correct Answers -B) Organizational
AT-C section 105 states that suitable criteria exhibit how many characteristics?
A) 2
B) 3
C) 4
D) 5 - Correct Answers -C) 4
Gases other than carbon dioxide are often expressed as _____________?
A) Single steer equivalents (SSe)
B) Single hog equivalents (SHe)
C) Methane equivalents (CH4e)
