When a Firm Considers a Triple Bottom Line as a Measure

question 239

Multiple Choice

When a firm considers a triple bottom line as a measure of long-term success,this means that it measures outcomes in which of the following areas?

• A)economic success,social impact,and political change
• B)firm profitability,customer satisfaction,and behavioral change
• C)economic success,social impact,and environmental impact
• D)company effort,customer satisfaction,and relative market share
• E)customer satisfaction,environmental impact,and production efficiency

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Definitions:

Assert Proposition

To claim that a certain proposition, a statement that can be true or false, is true.

Hypothetical-deductive Reasoning

A cognitive process, identified by Piaget, involving the ability to formulate hypotheses and systematically deduce the most logical consequences to solve a problem.

Formal Operational Thought

A stage in cognitive development, according to Piaget, where individuals develop the ability to think abstractly, logically, and systematically, usually beginning in adolescence.

Concrete Operational Thought

A stage in cognitive development, described by Piaget, where children aged 7-12 start to think logically about concrete events.