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.

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Definitions:

Familiarity Breeds

A phenomenon suggesting that increased exposure to something or someone tends to lead to a greater liking of it or them, though it can sometimes result in contempt.

Contempt

is a feeling of disdain or deep lack of respect for someone or something considered worthless or inferior.

Dutch

Refers to something related to the Netherlands, its people, language, or culture.

Swedish

Relating to Sweden, its people, culture, or language.