Asked by Marisa Tavarez on Jun 03, 2024
Verified
The triple bottom line for assessing organizational performance evaluates how well organizations are doing on
A) economic, social, and environmental performance criteria.
B) industrial, market, and customer satisfaction criteria.
C) ecological, environmental, and financial criteria.
D) humanitarian, sociological, and research criteria.
E) geological, anthropological, and lean performance criteria.
Triple Bottom Line
An accounting framework that incorporates three dimensions of performance: social, environmental, and financial, to measure a company's sustainability.
Organizational Performance
Refers to how well an organization achieves its market-oriented goals as well as its financial goals.
Environmental Performance
A measure of how well an organization or company is performing in relation to environmentally sustainable practices.
- Identify the components of the triple bottom line in assessing organizational performance.
Verified Answer
CK
Cameron KlingenerJun 08, 2024
Final Answer :
A
Explanation :
The triple bottom line (TBL) approach evaluates organizational performance based on three dimensions: economic (profit), social (people), and environmental (planet) criteria. This approach considers the impact of an organization's activities on these three dimensions, which is increasingly important in today's business environment where stakeholders are concerned about sustainability and corporate responsibility. Therefore, option A is the correct answer.
Learning Objectives
- Identify the components of the triple bottom line in assessing organizational performance.