Which Statement Concerning Triple Bottom Line Reporting Is Not Correct

question 21

Multiple Choice

Which statement concerning triple bottom line reporting is not correct?

• A)It means that the need for goods and services should be met without destroying natural or social capital.
• B)Companies tend to report favourable news rather than unfavourable news.
• C)It only deals with things that can be measured.
• D)The phrase was coined by John Elkington.

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Definitions:

Short Run

A period of time during which at least one input, like equipment or labor, is fixed while others can be varied to change output levels.

Automatic Market Adjustments

The self-regulating behavior of markets where prices and quantities adjust to changes in demand and supply conditions without external intervention.

Purely Competitive Firm

A market structure where firms are price takers and sell homogeneous products with many buyers and sellers, leading to perfect competition.

Economic Profit

The contrast between a company's overall receipts and its full charges, considering both palpable and inferred costs.