Classify each of the following statements as true or false. In each case explain your answer.

1.Sustainability is not concerned with current performance.

2.In assessing performance a sustainability approach is concerned with outcomes within and beyond the boundaries of the organisation.

3.An organisation's financial statements do not provide a comprehensive picture of its economic impact.

4.These days it is not as important for managers to take care of shareholders, customers and employees. Other stakeholders are more important.

5.An organisation that uses a sustainability approach will have low costs and high profitability.