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The term triple bottom line refers to a method for organizations to measure performance in three ways. Which of the following describe the triple bottom line? Select THREE that apply. * Economic sustainability * Market sustainability * Quality sustainability * Environmental sustainability * Technological sustainability * Social sustainability
Correct Answer: B
The triple bottom line (TBL) framework evaluates organizational performance based on: * Economic sustainability: Focusing on financial stability and profitability. * Environmental sustainability: Ensuring that business activities minimize negative ecological impacts. * Social sustainability: Committing to ethical practices and community well-being. TBL aligns with whole-life asset management principles by incorporating sustainability into asset use and disposal, ensuring long-term organizational value beyond just financial metrics.