The Triple Bottom Line Is Sometimes Called the Three Ps

question 109

True/False

The triple bottom line is sometimes called the three Ps: People, Planet, and Profit.

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Definitions:

Conflicts of Interests

Situations where an individual's or organization's personal interests potentially interfere with their ability to make unbiased decisions in their official capacity.

Shared Opportunities

A principle that emphasizes collaborative efforts to create benefits or advantages accessible to all involved parties.

BATNA

Stands for Best Alternative To a Negotiated Agreement, which is the most advantageous alternative course of action a party can take if negotiations fail.

Negotiated Settlement

An agreement reached through direct discussions between parties in a dispute, typically involving compromises from both sides.