The Triple Bottom Line Framework Focuses on the Three Broad

question 21

Multiple Choice

The triple bottom line framework focuses on the three broad categories:

• A)financial statement information, human resources and volunteer work
• B)economic, social equity and the environment
• C)ethical, legal and philanthropic responsibilities
• D)social equity, the environment and legal compliance

Acknowledge the limitations of market economies in achieving equity and the potential need for government intervention to address these limitations.

Understand the ethical guidelines governing psychologist-client interactions, including confidentiality and professional boundaries.

Recognize the impact of eyewitness testimony on legal outcomes and its reliability.

Understand the principles and application of professional codes of ethics in psychology.

---

Definitions:

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for the work performed as required.

Benefits Packages

A combination of non-wage compensations provided to employees in addition to their salaries or wages, including health insurance, paid time off, retirement plans, and more.

Incentive Compensation

A performance-based payment system where rewards are offered to employees for meeting certain targets or achievements.

Merit Pay

A compensation strategy that rewards employees based on their performance and achievements, as opposed to seniority or hours worked.