Blank
______ is defined as an approach to corporate performance measurement that focuses on a company’s total impact measured in terms of profit, people, and planet.

Question

BlackTom AI · Accepted Answer

Triple bottom line evaluates corporate performance by measuring profit, people, and planet.

1. Relevant knowledge points and concepts
- Triple bottom line (TBL): A sustainability framework introduced by John Elkington in the 1990s that expands business performance metrics beyond financial profit to include social (people) and environmental (planet) outcomes. It is often summarized as the three Ps: Profit, People, Planet.
- Life cycle assessment (LCA): A method to quantify environmental impacts of a product or process across its entire life cycle.
- Carbon footprinting: Quantification of greenhouse gas emissions associated with an activity, product, or organization.
- Fair trade: A certification/approach ensuring producers receive fair payment and working conditions, primarily a social/economic standard rather than a comprehensive corporate performance metric.

2. Step-by-step reasoning process
- The prompt defines an approach that measures a company’s total impact in terms of profit, people, and planet.
- Match that triad (profit, people, planet) to known sustainability frameworks.
- TBL explicitly uses those three dimensions as its core; the phrase “profit, people, and planet” is synonymous with TBL.
- Therefore, the blank should be filled with "Triple bottom line."

3. Calculations
- No numerical calculations are required; reasoning is definitional and conceptual.

4. Why the correct answer is correct
- Triple bottom line is by definition an approach to corporate performance measurement that balances financial returns (profit) with social responsibility (people) and environmental stewardship (planet). It is specifically intended to measure an organization’s total impact across these three dimensions.

5. Why the other options are incorrect
- Life cycle assessment focuses on environmental impacts across a product’s life cycle, not on profit and people together.
- Carbon footprinting measures greenhouse gas emissions only (environmental metric), not social and financial impacts.
- Fair trade is a standards/certification scheme targeting equitable trade and social outcomes, not a broad corporate performance framework encompassing profit, people, and planet.

6. Conclusion
- The correct answer is Triple bottom line, which matches the provided answer.

Blank ______ is defined as an approach to corporate performance measurement that focuses on a company’s total impact measured in terms of profit, people, and planet.单项选择题

类似问题

The aspects to meet for a sustainable business are:

Triple bottom line reporting focuses on what three things?

What theory do the factors 'profit, people, planet' relate to?

“利润、人民、地球”这三个因素与什么理论相关？

Nature’s Path Foods (a Canadian producer of packaged organic cereals and granola bars) views its financial success as entirely dependent on serving society and protecting the environment. Based on this, which sustainability perspective does Nature’s Path Foods seem to take?

Which of the following scenarios exemplifies a sustainable strategy under the triple-bottom-line approach?

A project has a required return of 12.6 percent, an initial cash outflow of $42,100, and cash inflows of $16,500 in Year 1, $11,700 in Year 2, and $10,400 in Year 4. What is the net present value?

更多留学生实用工具

智能学习助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单