A company reports that it measures its performance against financial results, environmental impact and social impact. Which term describes this approach?
Answer and explanation
Correct answer: D. The triple bottom line
- Step 1: The triple bottom line measures people, planet and profit.
- Step 2: It extends reporting beyond the financial results to include social and environmental impact.
Answer
The triple bottom line.
Why not the others: The balanced scorecard: The balanced scorecard covers financial, customer, internal process and learning perspectives. Zero-based budgeting: This is a budgeting method. The value chain: The value chain analyses a firm's activities that add value.
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