Triple Bottom Line Concepts

The video explains the triple bottom line accounting framework, which includes financial, environmental, and social aspects. It starts with the traditional financial bottom line, focusing on profit and loss. Then, it introduces the environmental bottom line, assessing an organization's impact on the planet. Finally, it covers the social bottom line, evaluating social responsibility. The concept emphasizes a holistic approach to measuring organizational success.

What does the traditional financial balance sheet primarily focus on?

• Corporate profit

• Employee satisfaction

• Environmental impacts

• Social responsibility

Which of the following is NOT a component of the traditional bottom line?

• Net profit

• Income

• Net social benefit

• Expenditure

What does the environmental balance sheet measure?

• Environmental responsibility

• Financial growth

• Customer satisfaction

• Employee productivity

What is the outcome of the environmental balance sheet?

• Net financial gain

• Net environmental benefit

• Net social benefit

• Net profit

What does the human and social balance sheet assess?

• Financial performance

• Environmental impact

• Market share

• Social responsibility

What is the outcome of the human and social balance sheet?

• Net financial gain

• Net social benefit

• Net environmental benefit

• Net profit

Which of the following is NOT part of the triple bottom line?

• People

• Planet

• Profit

• Productivity

What does the 'people' aspect of the triple bottom line refer to?

• Financial performance

• Social responsibility

• Environmental impact

• Technological advancement

What does the 'planet' aspect of the triple bottom line focus on?

• Market expansion

• Environmental responsibility

• Financial growth

• Social responsibility

Why is it called the 'triple bottom line'?

• It includes three types of balance sheets

• It focuses on three types of profits

• It measures three types of impacts

• It has three financial statements