The Statement Concerning Triple Bottom Line Reporting That Is Not

question 48

Multiple Choice

The statement concerning triple bottom line reporting that is not correct is:

• A) The phrase was coined by John Elkington.
• B) It means that the need for goods and services should be met without destroying natural or social capital.
• C) Companies tend to report favourable news rather than unfavourable news.
• D) It only deals with things that can be measured.

---

Definitions:

Monopoly Sellers

Single sellers in a market with no close substitutes for the product or service they offer, giving them significant control over prices.

Allocative Inefficiency

A situation where resources are not optimally allocated according to consumer preferences, often leading to overproduction or underproduction of certain goods or services.

Monopolist

An entity that has exclusive control over the supply of a particular good or service, setting prices without facing competition.

Opportunity Cost

The cost of what you have to give up in order to choose something else.