Which of the Following Statements Is Correct About the Triple

question 83

Multiple Choice

Which of the following statements is correct about the triple bottom line?

• A)The triple bottom line measures a company's social impact,without regard for profit.
• B)The triple bottom line captures three factors: People,Profit,and Planet.
• C)The triple bottom line has replaced net income as the most crucial measure of a company's success.
• D)The triple bottom line reports profit at the expense of social factors.

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Definitions:

Natural Monopoly

A market in which a single firm can provide a good or service at a lower cost than any potential competitor, due to economies of scale.

Lower Cost

A situation where the expenses involved in producing a good or service are reduced, leading to potential savings.

Social Regulation

Rules imposed by government aimed at improving societal welfare, focusing on areas such as health, safety, and the environment, rather than on economic matters.

Natural Monopoly

A market structure where a single firm can produce at a lower cost than can two or more firms, justifying limited competition.