Considering the Triple Bottom Line Requires Looking at How Business

question 56

Multiple Choice

Considering the triple bottom line requires looking at how business decisions impact all of the following except

• A)the profits.
• B)the planet.
• C)the people.
• D)the platitudes.

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Definitions:

Allocated General Overhead

involves distributing indirect costs across different departments or products to reflect their share of resources used.

Financial Advantage

The benefit gained in financial terms, which may come from different sources such as cost savings, increased revenue, or investment returns.

Fixed Manufacturing Expenses

Fixed manufacturing expenses are overhead costs that do not change with the level of production output, such as rent for a factory building.

Fixed Selling

Costs associated with selling products that remain constant regardless of the level of production or sales, such as salaries of sales personnel and rent of the sales office.