How Is the Triple-Bottom-Line Approach Different from the Traditional Approaches

question 84

Multiple Choice

How is the triple-bottom-line approach different from the traditional approaches to measuring competitive advantage?

• A) The triple-bottom-line takes a more integrative and holistic view in assessing a company's performance than traditional approaches do.
• B) The triple-bottom-line places less emphasis on financial success in assessing a company's performance than traditional approaches do.
• C) The triple-bottom-line uses a more one-dimensional approach in assessing a company's performance than traditional approaches do.
• D) The triple-bottom-line relies more on internal factors in assessing a company's performance than traditional approaches do.

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Definitions:

Relationship

refers to a connection, association, or involvement between two or more individuals, groups, or entities.

Scatterplot

A graphical representation used to display values for two variables for a set of data, showing how much one variable is affected by another.

Negatively Correlated

A relationship between two variables where one variable increases as the other decreases, indicating an inverse association.

Statistical Reasoning

The application of statistical principles and methods to make sense of and interpret quantitative data.