Question 68 Which of the following statements aligns with legitimacy theory? O Companies will engage in sustainability practices because it is an expectation of society. O Companies will engage in sustainability practices because they believe their responsibility extends beyond shareholders. Companies will engage in sustainability practices because they believe the benefits will outweigh the costs. Companies will voluntarik disclose their sustainability practices in the annual report. Companies will engage in sustainability practices because they believe they must protect more than just the company's assets.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 68
Which of the following statements aligns with legitimacy theory?
Companies will engage in sustainability practices because it is an expectation of society.
O Companies will engage in sustainability practices because they believe their responsibility extends beyond
shareholders.
Companies will engage in sustainability practices because they believe the benefits will outweigh the costs.
O Companies will voluntari disclose their sustainability practices in the annual report.
Companies will engage in sustainability practices because they believe they must protect more than just the
company's assets.
Transcribed Image Text:Question 68 Which of the following statements aligns with legitimacy theory? Companies will engage in sustainability practices because it is an expectation of society. O Companies will engage in sustainability practices because they believe their responsibility extends beyond shareholders. Companies will engage in sustainability practices because they believe the benefits will outweigh the costs. O Companies will voluntari disclose their sustainability practices in the annual report. Companies will engage in sustainability practices because they believe they must protect more than just the company's assets.
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