In contrast to classical economic theory, triple bottom line theory suggests Responses there ought to be thirty-three bottom lines. there ought to be thirty-three bottom lines. there should be three bottom lines including profit and planet. Neither of these are included in classical economic theory. there should be three bottom lines including profit and planet. Neither of these are included in classical economic theory. there should be three bottom lines including profit and people. Neither of these are included in classical economic theory. there should be three bottom lines including profit and people. Neither of these are included in classical economic theory. there should be three bottom lines including people and planet. Neither of these are included in classical economic theory. there should be three bottom lines including people and planet. Neither of these are included in classical economic theory. None of the above are correct.
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Classical economic theory primarily focuses on profit maximization and the efficient allocation of resources, often emphasizing financial performance as the sole measure of success. Show more…
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The term "triple bottom line" refers to Multiple Choice measuring a company's performance in the social responsibility arena and setting formal performance targets in three areas: "profit, people, and planet." the three criteria for evaluating a company's social responsibility strategy: the percentage of revenues devoted to corporate citizenship activities, the percentage of revenues devoted to the enforcement of high ethical standards, and the percentage of revenues devoted to making the company's operations more environmentally sustainable. The term "triple bottom line" refers to empirical measures of a company's performance in three critical areas of social responsibility: ethical behavior, charitable contributions, and environmental stewardship.
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More businesses are now using broad measures of overall business performance, such as Kaplan and Norton's balanced scorecard and Elkington's triple bottom line, rather than solely relying on financial ratio analysis. To what extent does this mean that financial ratio analysis is no longer important to a business?
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