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Question

A systematic assessment of an activity on some meaningful, definable domain of companies activities that have social impact is :

This question was previously asked in
MH SET 2020 Paper 2 Philosophy Question Paper (27-Dec-2020)
The correct answer is

Social Audit

A social audit is a systematic, independent assessment of how an organisation performs against the social obligations it has accepted. Instead of verifying money figures, it examines those definable areas of corporate activity that have a social impact, such as employee welfare, consumer protection, community development, local employment and the effect of operations on society at large.

The stem describes exactly this: a systematic assessment of a meaningful, definable domain of a company's activities that carry social impact. The idea grew out of the corporate social responsibility movement, where firms are expected to account to society, not only to shareholders, for the wider consequences of their decisions.

An environmental audit is narrower, confined to the ecological effects of operations such as emissions, waste and compliance with pollution norms. A green audit is essentially another name for that environment-focused review of resource use and pollution. A public audit refers to the audit of government bodies and public money, for instance by the Comptroller and Auditor General, and is not a review of a company's social performance.

Social Audit option is correct.

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