Question 1

The Economic Development Approach suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following explains the statement "All resources are fungible"?

Accepted Answer

A)  It means that all resources can be regulated by the government.
B)  It means that all resources can be replaced by substitutes.
C)  It means that all resources cannot be duplicated.
D)  It means that all resources cannot be recycled and reused.

Question 3

Which of the following is true of the sustainability model in terms of environmental responsibilities?

Accepted Answer

A)  Sustainability reduces competitive advantage.
B)  Sustainability is not a prudent long-term strategy.
C)  Sustainability is a good risk management strategy.
D)  Sustainability leads to reduced cost-savings.

Question 4

While the regulatory and compliance model tends to interpret environmental responsibilities as constraints upon business, the _____ model is more forward looking and may present business with greater opportunities than burdens.

Accepted Answer

sustainability
Explanation: While the re...

Question 5

In economic terms, all resources are "_____," that is, they can be replaced by substitutes, and in this sense resources are infinite.

Accepted Answer

fungible
Explanation: In econo...

Question 6

Which of the following was charged with developing recommendations for paths toward economic and social development that would not achieve short-term economic growth at the expense of long-term environmental and economic sustainability?

Accepted Answer

A)  The Bluewash Commission
B)  The Binding Commission
C)  The Barentsburg Commission
D)  The Brundtland Commission

Question 7

Standards like Corporate Automotive Fuel Efficiency that address pollution and pollution-related disease are considered essentially because of our reliance on market solutions to sustain the environment.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is true of a market-based approach to resolving environmental challenges?

Accepted Answer

A)  It is critical of the narrow, philanthropic view of corporate social responsibility (CSR) .
B)  It asserts that limited resources should not be distributed in the market.
C)  It suggests that environmental problems deserve economic solutions.
D)  It conveys that resources are infinite and fungible.

Question 9

Explain the concept of eco-efficiency, biomimicry and cradle-to-cradle responsibility.

Accepted Answer

Eco-efficiency has long been a part of t...

Question 10

Explain Herman Daly's economic system model also known as the sustainable model.

Accepted Answer

First, the sustainable model recognizes ...

Question 11

Which of the following is true of the sustainability model in terms of environmental responsibilities?

Accepted Answer

A)  Sustainability need not be a long-term strategy.
B)  The huge unmet market potential among the world's developing economies can only be met in sustainable ways.
C)  Sustainable practices lead to reduced cost savings.
D)  Firms that follow sustainable practices lose competitive advantage.

Question 12

The ultimate goal of _____ is to eliminate waste altogether rather than reducing it.

Accepted Answer

biomimicry
Explanation: The ul...

Question 13

Which of the following is true about the market-based approach to environmental responsibility?

Accepted Answer

A)  Market failure occurs when no markets exist to create a price for important social goods.
B)  Free market exchanges can guarantee optimal results for addressing issues related to externalities.
C)  The market-based approach always ensures that what is good and rational for a collection of individuals is also good and rational for a society.
D)  Markets can be very successful if important ethical and policy questions and policy decisions are left solely to the outcome of individual decisions.

Question 14

Before the introduction of environmental legislation in the 1970's, the primary legal avenue open for addressing environmental concerns was contractual law.

Accepted Answer

A) True 
 B)False

Question 15

Cradle-to-grave and cradle-to-cradle responsibilities are part of the _____ sustainable business principle.

Accepted Answer

A)  eco-efficiency
B)  backcasting
C)  biomimicry
D)  take-make-waste

Question 16

The _____ movement made the case that business had good reasons for conserving natural resources, reasons that paralleled the rationale to conserve financial resources.

Accepted Answer

conservation
Explanation: Conservationis...

Question 17

The conservation movement advocated a more restrained and prudent approach to the natural world.

Accepted Answer

A) True 
 B)False

Question 18

List the various laws related to governmental regulation of the environment. Describe the method of addressing environmental concerns prior to the establishment of laws.

Accepted Answer

Governmental regulations were seen as a ...

Question 19

Why was the Brundtland Commission formed?

Accepted Answer

The concept of sustainable development c...

Question 20

Describe the challenges associated with the regulatory approach to environmental concerns.

Accepted Answer

Several problems suggest that the regula...

Exam 9: Business and Environmental Sustainability

Explain the concept of eco-efficiency, biomimicry and cradle-to-cradle responsibility.

Correct AnswerverifiedEco-efficiency has long been a part of t...View AnswerShow Answer

Before the introduction of environmental legislation in the 1970's, the primary legal avenue open for addressing environmental concerns was contractual law.

Correct AnswerverifiedShow Answer

Which of the following is true about the market-based approach to environmental responsibility?

Correct AnswerverifiedShow Answer

Which of the following is true of the sustainability model in terms of environmental responsibilities?

Correct AnswerverifiedShow Answer

Which of the following explains the statement "All resources are fungible"?

Correct AnswerverifiedShow Answer

The _____ movement made the case that business had good reasons for conserving natural resources, reasons that paralleled the rationale to conserve financial resources.

Correct AnswerverifiedconservationExplanation: Conservationis...View AnswerShow Answer

While the regulatory and compliance model tends to interpret environmental responsibilities as constraints upon business, the _____ model is more forward looking and may present business with greater opportunities than burdens.

Correct AnswerverifiedsustainabilityExplanation: While the re...View AnswerShow Answer

The Economic Development Approach suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability.

Correct AnswerverifiedShow Answer

Why was the Brundtland Commission formed?

Correct AnswerverifiedThe concept of sustainable development c...View AnswerShow Answer

Standards like Corporate Automotive Fuel Efficiency that address pollution and pollution-related disease are considered essentially because of our reliance on market solutions to sustain the environment.

Correct AnswerverifiedShow Answer

List the various laws related to governmental regulation of the environment. Describe the method of addressing environmental concerns prior to the establishment of laws.

Correct AnswerverifiedGovernmental regulations were seen as a ...View AnswerShow Answer

Which of the following is true of the sustainability model in terms of environmental responsibilities?

Correct AnswerverifiedShow Answer

Which of the following was charged with developing recommendations for paths toward economic and social development that would not achieve short-term economic growth at the expense of long-term environmental and economic sustainability?

Correct AnswerverifiedShow Answer

The ultimate goal of _____ is to eliminate waste altogether rather than reducing it.

Correct AnswerverifiedbiomimicryExplanation: The ul...View AnswerShow Answer

In economic terms, all resources are "_____," that is, they can be replaced by substitutes, and in this sense resources are infinite.

Correct AnswerverifiedfungibleExplanation: In econo...View AnswerShow Answer

Cradle-to-grave and cradle-to-cradle responsibilities are part of the _____ sustainable business principle.

Correct AnswerverifiedShow Answer

Describe the challenges associated with the regulatory approach to environmental concerns.

Correct AnswerverifiedSeveral problems suggest that the regula...View AnswerShow Answer

The conservation movement advocated a more restrained and prudent approach to the natural world.

Correct AnswerverifiedShow Answer

Which of the following is true of a market-based approach to resolving environmental challenges?

Correct AnswerverifiedShow Answer

Explain Herman Daly's economic system model also known as the sustainable model.

Correct AnswerverifiedFirst, the sustainable model recognizes ...View AnswerShow Answer

Correct Answer
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Eco-efficiency has long been a part of t...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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conservation
Explanation: Conservationis...
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Correct Answer
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sustainability
Explanation: While the re...
View Answer

Correct Answer
verified

Correct Answer
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The concept of sustainable development c...
View Answer

Correct Answer
verified

Correct Answer
verified
Governmental regulations were seen as a ...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
verified
biomimicry
Explanation: The ul...
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Correct Answer
verified
fungible
Explanation: In econo...
View Answer

Correct Answer
verified

Correct Answer
verified
Several problems suggest that the regula...
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
First, the sustainable model recognizes ...
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