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:

Note Receivable

A written promise that entitles the holder to receive a specified amount of money from another party on a specified date or on demand.

Pays in Full

Pays in full denotes the complete settlement of a debt or obligation, leaving no outstanding balance.

Accrued Interest

Interest that has been incurred but not yet paid.

Year-End

The end of a fiscal year or calendar year, a significant reporting and assessment time for businesses and individuals for accounting and tax purposes.