Triple Bottom Line Refers to

question 141

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:

Labor Movement

A social and economic campaign to improve the rights, working conditions, and compensation of workers.

Social Darwinism

An ideology that applies the concept of "survival of the fittest" to human societies, justifying inequalities in wealth and social status as natural.

Liberty of Contract

A legal principle asserting the freedom of individuals to form contracts without government interference, emphasizing economic freedom and limiting state regulation.

Ghost Dance

A spiritual and political movement among Native Americans whose followersperformed a ceremonial “ghost dance” intended to connect the living with the dead and make theIndians bulletproof in battles intended to restore their homelands.