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

question 4

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 environmentally savvy and socially oriented investors.

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Definitions:

CPI

The Consumer Price Index represents a calculated average of the prices for a mix of consumer products and services, including food, transportation, and healthcare, weighted by their importance.

Geographic Extent

The area or scope over which a specific phenomenon, activity, or influence is spread.

Public Transit

Transportation services provided by public or private organizations that are available for use by the general public, typically involving buses, trains, and subways.

CPI Base Year

The reference year used in the calculation of the Consumer Price Index, serving as a comparison point for future price changes.