Question

The triple bottom line is a way to ______.

1) Both X and Y
2) Ensure that society is compensated for any harm (e.g., pollution) imposed on it
3) Ensure a minimum level of returns for the company's stockholders
4) Neither X nor Y

Answer 1

The triple bottom line is a business concept that measures a company's social, environmental, and economic impact, promoting sustainability and equitable treatment for all stakeholders.

Step-by-step explanation:

The triple bottom line is a way to assess a company's performance beyond traditional financial metrics by also considering social, environmental (ecological), and economic (profit) impacts. This concept emphasizes ensuring that actions taken by a company are not only financially sound but also responsible towards environments of conservation and social well-being. It's about finding a balance between economic output and environmental protection while laying a foundation for future generations to thrive and ensuring equitable treatment of all stakeholders in the business process.