Question

The management team for Volcanic Batteries came up with the following vision statement: "VolcanicBatteries will conscientiously track its financial performance to ensure profits for its investors,enhance its community through employment and supporting charities, and dispose of waste in amanner that will not harm the environment." This vision statement is mostlikely based on thea. accounting profitability approach.b. economic value creation approach.c. triple-bottom-line approach.d. balanced-scorecard approach.

Answer 1

Answer:

c. triple-bottom-line approach

Explanation:

The triple-bottom-line approach is a framework with 3 parts: financial, social, and environment. Performance evaluation is more than just financial, it also incorporates social and environmental impacts of the business.

Volcanic batterie's vision statement has represented these 3 bottom lines

Financial- VolcanicBatteries will conscientiously track its financial performance to ensure profits for its investors

Social- enhance its community through employment and supporting charities

Environmental- and dispose of waste in amanner that will not harm the environment