It Has Been Estimated That Two Thirds of Business Failures

question 18

True/False

It has been estimated that two thirds of business failures are due to the incompetence of the owner - manager.

Comprehend the variety of terms and frameworks for sustainability reporting, including their significance.

Grasp the objectives and impacts of international agreements such as the Kyoto Protocol on climate change.

Identify the key adopters of the Principles for Responsible Investment and their importance.

Understand the categories of environmental performance indicators under the GRI framework.

---

Definitions:

Unique-Event

A one-of-a-kind occurrence or happening that is distinct from other events in its specificity or significance.

Marginal Cost

This is the additional cost of producing one more unit of a good or service.

Multiple Suppliers

A sourcing strategy where a company uses various suppliers to mitigate risks and ensure a steady supply of products or components.

Bullwhip Effect

The increasing fluctuation in orders that often occurs as orders move through the supply chain.