The Triple Bottom-Line Orientation Recognizes That Businesses Should Strive to Cut

question 55

True/False

The triple bottom-line orientation recognizes that businesses should strive to cut costs as well as raise revenue.

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Definitions:

Course of Action

A plan or strategy intended to accomplish a specific goal or resolve a problem.

Opportunity Cost

The act of abandoning potential benefits available in other choices upon selecting a specific alternative.

Room and Board

Refers to the combined cost of housing and food for students at a university or boarding school.

College Expenses

Costs associated with attending college, which can include tuition, room and board, books, supplies, and other living expenses.