The "Triple-Bottom-Line" Philosophy Says That Successful Organizations Focus on Financial

question 155

True/False

The "triple-bottom-line" philosophy says that successful organizations focus on financial performance three times more often than do less successful organizations.

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Definitions:

Entrepreneur's Talent

The unique set of skills, insights, and intuitions possessed by an entrepreneur that contributes to the successful establishment and growth of a business.

Implicit Costs

Indirect, non-monetary expenses involved in pursuing an activity or decision, often reflected as the opportunity cost of using resources.

Explicit Costs

Cash disbursements to external parties for the operation costs of a business, like employee salaries, rental expenses, and raw materials.

Explicit Cost

The monetary payment made by a firm to an outsider to obtain a resource.