Triple-Bottom Line Refers to

question 298

Multiple Choice

Triple-bottom line refers to

• A)the recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are to achieve sustainable, long-term growth.
• B)the obligations an organization has to those who can affect achievement of its sales, profit, and market share objectives simultaneously.
• C)the recognition of the need for organizations to be responsible simultaneously to shareholders, employees, and customers.
• D)the obligations an organization has to practice profit, stakeholder, and societal responsibility simultaneously.
• E)three different financial statements prepared in three different formats: one for governmental regulators, one for shareholders, and one for internal use

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Definitions:

Length

A property or method used to determine the number of elements in an array or characters in a string.

Decimal Numbers

Numbers that contain a decimal point, dividing the integer part from the fractional part, used in arithmetic computations.

Float Type

A data type in programming that specifies a variable that can hold a real number with fractional precision.

Decimal Places

Refers to the number of digits to the right of the decimal point in a number. This is important in mathematics and when precision is required in calculations.