In addition to focusing on reducing costs and increasing revenue, Oswald Enterprises strives to provide livable wages and great benefits for their employees, they donate to local outreach programs, and they have a recycling program to decrease environmental waste. Oswald Enterprises focuses on

A. total quality management.

B. the triple bottom line.

C. a balanced scorecard.

D. enterprise resource planning.

Question

Business

Susan Jimenez

7 January, 08:48

In addition to focusing on reducing costs and increasing revenue, Oswald Enterprises strives to provide livable wages and great benefits for their employees, they donate to local outreach programs, and they have a recycling program to decrease environmental waste. Oswald Enterprises focuses on

A. total quality management.

B. the triple bottom line.

C. a balanced scorecard.

D. enterprise resource planning.

+5

Answers (1)

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Nataly Delacruz · Answer 1

Answer: Option B

Explanation: The triple bottom line is an accounting framework that has a broader framework than the traditional accounting framework. The traditional framework focused only on the revenues and profits while this framework takes into consideration three factors that are - finance, society and environment.

In the given case, Oswald is focused on increasing revenue thus it covers the finance element. The donations to church covers society factor and the recycling program covers environment factor.

Hence the correct option is B.