Triple Bottom Line Refers to

question 141

Multiple Choice

Triple bottom line refers to

• A) the recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are to achieve sustainable, long-term growth.
• B) the obligations an organization has to those who can affect achievement of its sales, profit, and market share objectives simultaneously.
• C) the recognition of the need for organizations to be responsible simultaneously to shareholders, employees, and customers.
• D) the obligations an organization has to practice profit, stakeholder, and societal responsibility simultaneously.
• E) three different financial statements prepared in three different formats: one for governmental regulators, one for shareholders, and one for internal use.

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Definitions:

Howard Bowen

Often referred to as the "Father of Corporate Social Responsibility," Howard Bowen was an economist who highlighted the responsibilities of businesses towards society.

Policies Benefit Society

Policies that benefit society are designed to improve the well-being of the general public and the social structure as a whole.

Award For Corporate Excellence

A recognition given to companies that exemplify outstanding performance in areas such as social responsibility, innovation, and ethical behavior.

Social Responsibility Overseas

Refers to the duties and ethical considerations companies undertake to benefit society and the environment outside their home country.