What Is Triple Bottom Line Reporting

question 4

Short Answer

What is triple bottom line reporting?
Measuring the social responsibility impact of decisions made in the production, marketing, and finance areas of a business firm
Measuring the social, environmental, and economic performance of a company
Measuring the social responsibility impact of decisions that are made by top, middle, and lower-level managers
Measuring the efficiency, effectiveness, and profitability of a business
Measuring the social responsibility impact of managers' technical skills, human relations skills, and conceptual skills

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Definitions:

Pond Supplies Expense

The costs incurred for the maintenance or operational needs of a pond.

E-commerce

The buying and selling of goods and services over the internet, encompassing a variety of transactions, including online retail and electronic payments.

Business Purposes

The underlying reasons for which a company or an individual engages in business activities, typically to earn profits and achieve growth.

Transactions

Financial activities or dealings between parties, such as buying, selling, or the exchange of assets, that affect the financial statements of a business.