The Triple Bottom Line (TBL) Approach Suggests That Three Types

question 6

Multiple Choice

The triple bottom line (TBL) approach suggests that three types of indicators should be used to measure successful business performance.These three indicators are:

• A) financial, environmental and cultural
• B) economic, ecological and social
• C) financial, environmental and social
• D) economic, ecological and cultural

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Definitions:

System Of Social Control

Mechanisms, both formal and informal, that regulate individual and group behavior in an attempt to conform to societal norms.

Norm System

The set of rules and standards shared by a group that guides and constrains the behavior of its members.

Cultural System

An organized collection of symbols, values, norms, and practices shared by a group, which guides behavior and influences social life.

Sanction

Measures taken by countries or international bodies to penalize others for certain behaviors or actions, often involving trade restrictions or economic penalties.