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Consider the following scenario. You are at work, and the strap on your shoe breaks. You have to figure out a way to fix it; otherwise, you will not be able to walk properly with both shoes! You use a paperclip to hold the strap on. This example rejects the idea of _____.
Triple Bottom Line
An accounting framework that incorporates social, environmental, and financial performance measures.
Socially Responsible
Refers to ethical practices and policies that aim to positively impact society, the environment, and communities while conducting business.
Corporate Social Responsibility
A company's commitment to manage its social, environmental, and economic effects responsibly and in line with public expectations.
Retention Rates
The percentage of customers or users who continue to use a service or product over a specific period, indicating loyalty or satisfaction.
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