The Purpose of the Triple Bottom Line (TBL)approach Is Draw

question 61

Multiple Choice

The purpose of the triple bottom line (TBL) approach is draw management's focus

• A)primarily to financial prosperity but also people and products.
• B)to environmental sustainability, economic prosperity, and social networking.
• C)to financial prosperity, but also to areas of environmental stewardship and protection, as well as adhering to the laws of the jurisdictions in which the company operates.
• D)to profit, people, and planet.
• E)to what is important to shareholders.

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Definitions:

Inventory Turnover

This is a ratio showing how many times a company's inventory is sold and replaced over a period, usually a year, indicating the efficiency of inventory management.

Current Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its current assets.

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.

Interest-Burden Ratio

A financial metric that shows how much of a company's income is consumed by interest expenses.