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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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How is business sustainability different from environmental sustainability?

To determine

Explain the manner in which business sustainability is different from environmental sustainability.

Explanation

Business Sustainability:

Business sustainability is increasing the business worth for a long term, by analyzing and managing threats and opportunities of the organization for achievement of organizational strategic plans and communicating the results transparently.

Environmental Sustainability:

Environmental sustainability is adopting measures that would not affect the long term sustainability of environment.

The difference between environmental and business sustainability is discussed as follows:

Basis

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