ExpertEasy2 marksMultiple Choice
ACCA · Question 10 · Business & Technology
Section A
"EcoWear" is a fashion retail firm that evaluates its corporate performance using the 'Triple Bottom Line' framework.
Which three elements does EcoWear measure to assess its performance under this framework?
Section A
"EcoWear" is a fashion retail firm that evaluates its corporate performance using the 'Triple Bottom Line' framework.
Which three elements does EcoWear measure to assess its performance under this framework?
Answer options:
A.
Profit, Productivity, Performance
B.
Profit, People, Planet
C.
Planning, Production, Profit
D.
Planet, Philanthropy, Public Relations
How to approach this question
Recall the 3 Ps of the Triple Bottom Line framework coined by John Elkington.
Full Answer
B.Profit, People, Planet✓ Correct
The Triple Bottom Line (TBL) is an accounting framework with three parts: social, environmental (or ecological), and financial. These are commonly referred to as the 3 Ps: People, Planet, and Profit.
Common mistakes
Choosing options that sound like standard business metrics (Productivity, Performance).
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