___________Is an Organizational Approach to Defining Performance That Takes into Account

question 18

Multiple Choice

___________is an organizational approach to defining performance that takes into account social, economic, and ecological dimensions and assumes that the three are mutually reinforcing.

• A) Going green
• B) Ecological accounting
• C) Triple accountability
• D) Triple bottom line
• E) none of the above

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Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.

Overall Profitability

An assessment of a company's ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period of time.

Company

A legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Perpetual Inventory System

An inventory accounting technique that instantly logs the sale or acquisition of inventory using computerized point-of-sale systems and enterprise asset management software.