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Lostsunrise [7]
3 years ago
15

The triple-bottom-line philosophy says that: companies should treat their local, national, and global customers fairly. business

success increases by having three times more contingent workers than permanent employees. companies should try to support the economic, social, and environmental spheres of sustainability. companies should pay three times as much attention to profits as they do to employee wellbeing. the main goal of all companies is to satisfy the needs of three groups: employees, shareholders, and suppliers.
Business
1 answer:
alexandr1967 [171]3 years ago
3 0

Answer: companies should try to support the economic, social, and environmental spheres of sustainability.

Explanation:

The triple bottom line is simply an accounting framework that consist of three parts which are the social, financial and the environment.

The triple bottom line philosophy says that organizations should not only focus on the financial aspect(profit) alone but should also focus on the environment and the social aspect of the society.

Therefore, the triple-bottom-line philosophy says that companies should try to support the economic, social, and environmental spheres of sustainability.

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Question:

The following information relates to next year's projected operating results of the Children's Division of Grunge Clothing Corporation:

Contribution margin.... 200,000

Fixed Expense.... 500,000

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Option A is correct

Increase in profit = $50,000

Explanation:

To determine whether or not it will be profitable to drop a loss making division, we compare the savings in fixed cost to the lost contribution from the division.

It is noteworthy that only the fixed cost attributed to division can only be saved should the division be shut down.

The analysis is done as follows:

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Savings in fixed cost (1/2× 500,000)          <u> 250,000 </u>

Net savings                                                 <u>   50,000</u>

Increase in profit = $50,000

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