A Firm That Adopts the Triple Bottom-Line Approach

question 8

Multiple Choice

A firm that adopts the triple bottom-line approach:

• A)does not follow market principles in its business processes.
• B)believes there is only one social responsibility of business-to use its resources to engage in activities designed to increase its profits.
• C)focuses on the legal and economic responsibilities of Carroll's Social Responsibility Pyramid and does not consider discretionary responsibilities.
• D)considers its social and environmental responsibilities as important as its financial responsibilities.

Recognize the liability limits of shareholders and partners in various business forms.

Understand the principles of capital budgeting in identifying valuable investment opportunities.

Distinguish between various business entities and their legal and tax implications.

Recognize the importance of shareholder and stakeholder roles in corporate governance and the ethical considerations in financial management.

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Definitions:

Philosophical Discussions

Conversations or debates concerning matters of philosophy, where questions regarding existence, knowledge, values, reason, mind, and language are explored.

Gift

A gift is something given voluntarily without expectation of anything in return, often as a token of affection or goodwill.

Societies

Groups of individuals living together in organized communities with shared laws, traditions, and values.

Happy And Prosperous

A state of being characterized by contentment, joy, and success in life's endeavors.