WGU D550 COMPREHENSIVE EXAM Q&A
STUDY GUIDE 2026 ALREADY PASSED
GRADED A+.
◍ Sustainability.Answer:describes the ability to maintain various
systems and processes - environmentally, socially, and economically -
over time
◍ Triple Bottom Line.Answer:the three aspects of sustainability, the
three P's (people, planet, and profit)
◍ economic, ecological, social.Answer:What three broad areas does
the triple bottom line describe the scope of reporting in?
◍ 9 out of 10.Answer:According to the CSR study, how many
millennials on average would switch brands to one associated with a
cause?
◍ - paying more for a product
- sharing products rather than buying new
- taking a pay cut to work for a responsible
company.Answer:Millenials are very passionate about social causes,
they are prepared to make personal sacrifieces to make an impact on
issues they care about such as:
,◍ conscious capitalism is a more comprehensive and holistic
approach.Answer:What is the main difference between concsious
capitalism and CSR?
◍ 1) Higher Purpose - while profits are essential for a sustainable
business, conscious capitalism focuses on purpose beyond profit
2) Stakeholder Orientation - concentrate on optimizing equal values
for all stakeholders
3) Conscious Leadership - embrace the company's purpose, create
value for all stakeholders, and inspire actions that contribute to a
conscious culture
4) Conscious Culture - contribute to a culture of trust, care,
cooperation among the company's employees, and all other
stakeholders.Answer:What are the 4 guiding principles of conscious
capitalism?
◍ - business's sole social responsibility is to fulfill the economic
functions they were designed to serve
- managers must work to further the owner's interests
- dominant model of CSR
- places shareholders at the center of the corporation
- ethical responsibility is to serve those shareholders
- argued for by Milton Friedmen as the one and only social
responsibility of business.Answer:Economic Model of CSR:
◍ stakeholder orientation is the degree to which an org understands
and addresses stakeholder demands, consist of:
, - generation of data about stakeholder groups and assessment of the
firm's effects on these groups
- distribution of this information throughout the firms
- the responsiveness of the organization to this
information.Answer:Stakeholder Model of CSR:
◍ Sec 302 of SOX.Answer:requires CEO and CFO to certify they
have reviewed the findings of annual or quarterly reports, and find the
statements within to be accurate and free of any material errors
◍ Sec 404 of SOX.Answer:requires an external auditor report on
management's assessment of IC
◍ Sec 406 of SOX.Answer:the code of ethics for senior financial
officers
◍ Sec 806 of SOX.Answer:prohibits retaliation against
whistleblowers
◍ Sec 906 of SOX.Answer:requires a written statement by the CEO
and CFO about compliance with SEC reporting requirements
◍ direct and unrestricted.Answer:What kind of access should internal
auditors have to the audit committee?
STUDY GUIDE 2026 ALREADY PASSED
GRADED A+.
◍ Sustainability.Answer:describes the ability to maintain various
systems and processes - environmentally, socially, and economically -
over time
◍ Triple Bottom Line.Answer:the three aspects of sustainability, the
three P's (people, planet, and profit)
◍ economic, ecological, social.Answer:What three broad areas does
the triple bottom line describe the scope of reporting in?
◍ 9 out of 10.Answer:According to the CSR study, how many
millennials on average would switch brands to one associated with a
cause?
◍ - paying more for a product
- sharing products rather than buying new
- taking a pay cut to work for a responsible
company.Answer:Millenials are very passionate about social causes,
they are prepared to make personal sacrifieces to make an impact on
issues they care about such as:
,◍ conscious capitalism is a more comprehensive and holistic
approach.Answer:What is the main difference between concsious
capitalism and CSR?
◍ 1) Higher Purpose - while profits are essential for a sustainable
business, conscious capitalism focuses on purpose beyond profit
2) Stakeholder Orientation - concentrate on optimizing equal values
for all stakeholders
3) Conscious Leadership - embrace the company's purpose, create
value for all stakeholders, and inspire actions that contribute to a
conscious culture
4) Conscious Culture - contribute to a culture of trust, care,
cooperation among the company's employees, and all other
stakeholders.Answer:What are the 4 guiding principles of conscious
capitalism?
◍ - business's sole social responsibility is to fulfill the economic
functions they were designed to serve
- managers must work to further the owner's interests
- dominant model of CSR
- places shareholders at the center of the corporation
- ethical responsibility is to serve those shareholders
- argued for by Milton Friedmen as the one and only social
responsibility of business.Answer:Economic Model of CSR:
◍ stakeholder orientation is the degree to which an org understands
and addresses stakeholder demands, consist of:
, - generation of data about stakeholder groups and assessment of the
firm's effects on these groups
- distribution of this information throughout the firms
- the responsiveness of the organization to this
information.Answer:Stakeholder Model of CSR:
◍ Sec 302 of SOX.Answer:requires CEO and CFO to certify they
have reviewed the findings of annual or quarterly reports, and find the
statements within to be accurate and free of any material errors
◍ Sec 404 of SOX.Answer:requires an external auditor report on
management's assessment of IC
◍ Sec 406 of SOX.Answer:the code of ethics for senior financial
officers
◍ Sec 806 of SOX.Answer:prohibits retaliation against
whistleblowers
◍ Sec 906 of SOX.Answer:requires a written statement by the CEO
and CFO about compliance with SEC reporting requirements
◍ direct and unrestricted.Answer:What kind of access should internal
auditors have to the audit committee?
