According to the text, the "triple bottom line" approach to corporate accounting includes three components:
a. financial, environmental, and customer.
b. financial, organizational, and customer.
c. financial, environmental, and social.
d. financial, organizational, and psychological.
Answers
Answer:
b financial organization nd customer
Answer:
c. financial, environmental, and social.
According to the text, the "triple bottom line" approach to corporate accounting includes three components:
- financial,
- environmental, and
- social.
Explanation:
John Elkington endeavoured to gauge sustainability during the mid-1990s by including another structure to quantify execution in corporate America. This accounting system called the triple bottom line (TBL) went past the customary proportions of profits, profit from the venture, and investor worth to incorporate environmental and social dimensions.
The TBL is an accounting structure that integrates three dimensions of execution: social, environmental and financial. This contrasts with customary announcing structures as it incorporates natural (or environmental) and social estimates that can be hard to relegate proper method for estimation. The TBL dimensions are likewise generally called the three Ps: people, planet and profits.