Triple Bottom Line Refers to

question 141

Multiple Choice

Triple bottom line refers to

• A) the recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are to achieve sustainable, long-term growth.
• B) the obligations an organization has to those who can affect achievement of its sales, profit, and market share objectives simultaneously.
• C) the recognition of the need for organizations to be responsible simultaneously to shareholders, employees, and customers.
• D) the obligations an organization has to practice profit, stakeholder, and societal responsibility simultaneously.
• E) three different financial statements prepared in three different formats: one for governmental regulators, one for shareholders, and one for internal use.

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Definitions:

Slope

The rate of change in the dependent variable for a unit change in the independent variable in a linear relationship.

Regression Line

A line of best fit through a scatterplot of data points in regression analysis, showing the relationship between the independent and dependent variables.

Positive

A term often used in statistics to denote a value or outcome that is above zero or indicates the presence of a condition or characteristic.

Least Squares

A mathematical approach used to approximate the solution of overdetermined systems, minimizing the sum of the squares of the differences between observed and estimated values.