The Triple-Bottom-Line Philosophy Asserts That

question 152

Multiple Choice

The triple-bottom-line philosophy asserts that

• A)the main goal of all companies is to satisfy the needs of three groups: employees, shareholders, and suppliers.
• B)companies should pay attention to local, national, and global customers.
• C)companies should pay three times more attention to profits than to employee wellbeing.
• D)business success increases by having three times more contingent workers than permanent employees.
• E)companies should try to support the economic, social, and environmental spheres of sustainability.

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Definitions:

Annual Rate

A percentage representing the interest or growth a sum of money would earn over the course of a year.

Discounted

Reduced in price or value, often to encourage purchase or reflect the present value of future cash flows.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan or investment based on the original principal amount and not on accumulated interest.

Contract

A legally binding agreement between two or more parties that outlines terms and conditions.