Question

The triple bottom line approach to corporate accounting includes which three components?
A. financial, organizational, and psychologicalB. financial, environmental, and socialC. financial, organizational, and customerD. financial, environmental, and customer

Answer 1

Answer:

The correct answer is letter "B": financial, environmental, and social.

Explanation:

The Triple Bottom Line (TBL) approach is a set of practices that aim to study the financial, environmental, and social performance of a firm within a period. Those three (3) components can also be translated into profit, planet, and people. According to the theory, the three factors must be taken into consideration at the time of doing businesses otherwise companies would not be fulfilling their true objective.