What is the Global Reporting Initiative (GRI)? 4. a) It's a framework that sets out the principles and indicators for organizations to measure and report their economic, environmental, and social performance. It's an initiative to lead multinational enterprises to report globally b) c) It's a framework to help national firms to report globally to gain international investors. All answers are correct d) What are the categories into which GRI standards are divided? 5. Economic, Social and Political. Universal, Economic, Environmental, and Social a) b) Social and Environmental Universal and global c) d) How is materiality measured within the GRI framework? 6. a) Importance of a particular topic to the entity's stakeholders and to senior management in the day-to-day running of the business. b) Materiality of the total balance of an account for the decisions of investors. c) Importance of a particular account information to the competitors. d) All questions are incorrect. What is a carbon dioxide equivalent? 7. a) It's the basic unit used to measure and report the relative effects of various greenhouse gases on climate change by the Greenhouse Gas Protocol. t's a unit of measure of water pollution measured following the Greenhouse Gas Protocol It's a unit of measure of air pollution measured following the Greenhouse Gas Protocol b) c) d) All questions are incorrect