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Question 109

The United Nations Global Compact uses 10 guiding principles to:

reduce uncertainty for multinational firms regarding legal, import/export, labor, and environmental standards across countries.

set minimum levels of compliance across a broad range of transactional areas for businesses operating in multiple geographic regions.

align the needs of businesses to increase profitability and the needs of individual countries to ensure their specific legal requirements are met.

help ensure that markets, commerce, technology, and finance promote advancement of economies and societies everywhere.

Correct Answer: D

The United Nations Global Compact is a voluntary initiative based on CEO commitments to implement universal sustainability principles and take steps to support UN goals. Its 10 guiding principles are designed to ensure that businesses operate in ways that meet fundamental responsibilities in areas like human rights, labor, environment, and anti-corruption. Therefore, these principles aim to help ensure that markets, commerce, technology, and finance advance economies and societies everywhere.

Discussion

AyencoOption: A

I think this should be A