Certified Supply Chain Professional (CSCP) Practice Exam

The triple bottom line concept encompasses which three areas?

1. Financial, operational, and ethical responsibility

2. Economic, environmental, and social responsibility

3. Market, production, and human resources

4. Logistics, supply chain, and finance

The correct answer is: Economic, environmental, and social responsibility

The triple bottom line concept is a framework that extends the traditional measures of business success beyond just financial performance to include broader impacts on society and the environment. The three areas encompassed by this concept are economic, environmental, and social responsibility. Economic responsibility refers to the financial performance and value creation that a business generates, ensuring sustainability and profitability over the long term. Environmental responsibility focuses on reducing the negative impact of business operations on the planet, promoting sustainable practices and conservation of resources. Social responsibility involves the impact on various stakeholders, including employees, customers, and the community, ensuring that a company operates ethically and contributes positively to society. This holistic approach encourages organizations to assess their performance by balancing these three pillars, promoting a more sustainable and ethical way of conducting business, which is crucial in today’s global economy.