Sunset Oil is a large oil drilling company off the Gulf Coast. They want to expand their drilling area and are receiving a great deal of push back from the local community. It will now be on the ballot at the next election. Sunset Oil is concerned about how all of this will impact their bottom line. Which of the following should be a consideration for Sunset Oil?

A. task environment.

B. social audit.

C. triple bottom line.

D. clawbacks.

E. crowdfunding.

Question

Frida Riggs

Business

3 July, 03:31

Sunset Oil is a large oil drilling company off the Gulf Coast. They want to expand their drilling area and are receiving a great deal of push back from the local community. It will now be on the ballot at the next election. Sunset Oil is concerned about how all of this will impact their bottom line. Which of the following should be a consideration for Sunset Oil?

A. task environment.

B. social audit.

C. triple bottom line.

D. clawbacks.

E. crowdfunding.

+3

Answers (1)

Know the Answer?

Mario Cantrell · Answer 1

C. triple bottom line.

Explanation:

The triple bottom line should be greatly considered by Sunset Oil in establishing their drilling company in the Gulf coast.

Triple bottom line is an accounting framework that contains aspects of social, environmental and financial considerations.

The clap back by the locals on the establishment of this firm will have dire consequences on these three main elements of the triple bottom line. We cannot isolate one for the other. To the local hosting community, they might be interested in the environmental implication. But in due honesty, the company will have to evaluate the social and financial this push back will have on the deal. The effect of this would be on the profit, the people and the planet which mimics the financial, social and environmental consideration.