Which of the Following Statements Is True of the Triple-Bottom-Line

question 99

Multiple Choice

Which of the following statements is true of the triple-bottom-line?

• A) It is more or less a one-dimensional metric of measuring competitive advantage of a firm.
• B) Its primary focus is to base a firm's strategic goals entirely on external performance dimensions.
• C) According to this approach, achieving positive results in any one of the dimensions, economic, social, and ecological, can lead to a sustainable strategy.
• D) Three dimensions, economic, social, and ecological, make up the triple-bottom-line.

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Definitions:

Production Possibilities Curve

A graphical representation that shows the maximum quantity of one good that can be produced for every possible quantity of another good produced, given the available resources and technology.

Consumer Goods

Products and services that are purchased for personal use or consumption by the general public.

Capital Goods

Goods that are used in producing other goods and services rather than being bought by consumers.

Opportunity Cost

The cost of forgoing the next best alternative when a decision is made to choose one option over another.