The Triple Bottom Line Refers to

question 22

Multiple Choice

The triple bottom line refers to

• A) product, place, and price
• B) local, regional, and global
• C) environment, economics, and equity
• D) pollution, climate change, and resource depletion

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Definitions:

Direct Material

Raw materials that are directly incorporated into a finished product.

Direct Labour

Labor costs directly associated with the manufacturing of a product or provision of a service, often considered a variable cost.

Work in Process

Inventory that includes goods in the midst of the production process, between raw materials and finished goods stages.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor costs.