One Way to Think of Sustainability Is to Consider the Systems

question 74

Multiple Choice

One way to think of sustainability is to consider the systems necessary to support the triple bottom line of the three Ps, which are:

• A) price, promotion, and product.
• B) people, places, and products.
• C) people, planet, and profit.
• D) price, promotion, and profit.
• E) people, pollution, and profit.

---

Definitions:

Temporary Accounts

Revenue, expense, and drawing accounts that are closed to the owner’s capital account at the end of the accounting period.

Post-Closing Trial Balance

A listing of all accounts and their balances after the closing entries are made, ensuring debits equal credits.

Expense Account(s)

Accounts used to record expenses in the general ledger, which represent the costs of operating a business that are not directly tied to the production of goods or services.

Income Summary

An account used in the closing process, summarizing all revenues and expenses for a period, to transfer the net result to capital accounts.