Which of the Following Is a Criticism of the Triple

question 32

Multiple Choice

Which of the following is a criticism of the triple bottom-line (3BL) approach?

• A) 3BL does not take a holistic view of what constitutes sustainability for the company.
• B) 3BL has a narrow view of what constitutes profit for the company.
• C) Under the 3BL approach,an organization focuses more on financial goals rather than social and environmental goals.
• D) There has been no real evidence of how 3BL can be measured.

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Definitions:

Economic Costs

The total cost of choosing one action over another, including both explicit costs (direct payment) and implicit costs (opportunity costs).

Normal Rate

Typically refers to a baseline or standard rate of interest, production, or growth that is considered usual or expected under normal circumstances.

Minimum Efficient Scale

The smallest level of production at which a firm can achieve the lowest long-run average total cost.

Economic Costs

The total cost of choosing one action over another, comprising both the costs directly incurred and the opportunity costs forgone by not taking the alternative action.