Triple bottom line: A triple bottom line is an accounting framework that incorporates three dimensions of performance: social, environmental and financial. These dimensions are known as people, planet and profits. The people planet and profits can be defined as − People: when social factors are involved in the dimensions of the performance, that dimension is referred as "People". Planet: when environmental factors are involved in the dimensions of the performance, that dimension is referred as "Planet". Profits: when financial factors are involved in the dimensions of the performance, that dimension is referred as "Profits". To indicate: The given items as people, planet or profits.

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Chapter 18, Problem 18E

To determine

Concept Introduction:

Triple bottom line:

A triple bottom line is an accounting framework that incorporates three dimensions of performance: social, environmental and financial. These dimensions are known as people, planet and profits.

The people planet and profits can be defined as −

People: when social factors are involved in the dimensions of the performance, that dimension is referred as "People".

Planet: when environmental factors are involved in the dimensions of the performance, that dimension is referred as "Planet".

Profits: when financial factors are involved in the dimensions of the performance, that dimension is referred as "Profits".

To indicate:

The given items as people, planet or profits.

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