The triple bottom line evaluates the firm against economic, social and environmental criteria.Group of answer choicesTrueFalse

The concept of the triple bottom line states that an entity is responsible for the areas of:Group of answer choicessocial, environmental and ethical performance.economic, social and ethical performance.economic, environmental and ethical performance.economic, social and environmental performance.

Identify the incorrect statement in relation to the triple bottom line concept from the below a. The Triple Bottom Line can be used as a decision-making framework on measuring and controlling a company’s sustainable performance b. The triple bottom line broadly encompasses the 3 dimensions of people, planet and partnerships c. Triple Bottom Line is a planning and reporting system d. The Triple Bottom Line was initially developed as a framework for measuring and reporting corporate performance

Which of the following statements falls in line with the triple bottom line theory?A socially sustainable firm will be against the exploitation of the workforce.A company which refuses to treat the chemical discharge from its production plants meets the criteria for triple bottom line theory.A company should not make decisions that benefit it in the short term.A company refusing to hire people older than the age of 40 meets the criteria for triple bottom line theory.

Analyse the ‘triple bottom line’ concept when applied to social enterprises.[5]

The underlying concept of triple bottom line reporting is in line with:Group of answer choicesstakeholder theory.stewardship theory.shareholder value.agency theory.