Triple-Bottom-Line (TBL)reporting Is Emerging as an Important Way for Companies

question 15

Multiple Choice

Triple-bottom-line (TBL) reporting is emerging as an important way for companies to

• A)conceal their initiatives and accomplishments in the areas of diversity, environment, community, and ethics to increase profitability.
• B)make the results of their CSR strategies apparent to stakeholders and for stakeholders to hold companies accountable for their impact on society.
• C)minimize transparency and facilitate benchmarking CSR efforts across firms and industries.
• D)minimize the use of standard reporting frameworks and metrics.
• E)attract profit-oriented investors.

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Definitions:

Invention

The creation of a new product, system, or process that has never before been made and is recognized as the product of some unique insight.

Basic Research

Research aimed at gaining more comprehensive knowledge or understanding of the subject without targeted applications towards processes or products.

Process Innovation

The implementation of a new or significantly improved production or delivery method in a business or industry.

Product Innovation

The process of developing and introducing new or significantly improved products to the market, enhancing variety, performance, or quality.