Chapter 15, Problem 1QC

To determine

To identify: The correct option from the given statements.

Answer to Problem 1QC

Option a. Ecologic is the correct option for not being related to sustainability.

Explanation of Solution

Any company can maintain the sustainability in the long run with the three pillars of social, economic, & environmental factors. These factors are interrelated and can be proved profitable for the business if used in complete coordination.

1. a. Ecologic is the correct option. The three pillars of sustainability include social, environment, & economic. Ecologic is not included in the three factors.
2. b. Social is the incorrect option. Social factor should also be considered while maintaining the sustainability of the company’s performance in the long run. The organization must give due consideration to the effect of the operation on the society and people.
3. c. The environment is the incorrect option. While assessing the different impacts of organizational operations, what impact will be there on the environment from such activities also needs to be considered as one of the sustainability efforts.
4. d. Economic is the incorrect option. What is company’s ability to generate economic profits come first among the three bottom liners of the sustainability. If the company’s performance is profitable then only it can survive in long run and needs to be considered for sustainability.