Question 1

Minority hiring practices and pollution control are both areas of corporate responsibility.

Accepted Answer

A) True 
 B)False

Question 2

Explain resource management.

Accepted Answer

Resource management refers to our abilit...

Question 3

Only the residents of the United States,on a per capita basis,use more water than Canadians.

Accepted Answer

A) True 
 B)False  True

Question 4

Explain how transportation is key to responding to climate change.

Accepted Answer

Transportation is another key area where...

Question 5

The economic power of large multinational firms allows them to ignore the ethical standards of a society without consequences.

Accepted Answer

A) True 
 B)False

Question 6

Environmental sustainability is a highly complex challenge which literally reaches to the core of an organization's soul.

Accepted Answer

A) True 
 B)False

Question 7

Managers consider social responsibility

Accepted Answer

A)   on a weekly basis.
B)   on a daily basis.
C)   at annual planning meetings.
D)   during budget planning sessions.
E)   infrequently.F) A) and C)
G) A) and B) B

Question 8

Issues of social responsibility are:

Accepted Answer

A)   unique to firms involved in global trade.
B)   unique to Canada.
C)   not unique to Canada.
D)   less important now than in the past.E) All of the above
F) B) and C)

Question 9

"My only social responsibility is to make a profit.I will show my concern for society by providing my customers with a product that they need and desire." These statements are consistent with the concept of corporate social responsibility.

Accepted Answer

A) True 
 B)False  False

Question 10

Corporate social responsibility refers to the concern businesses have for their employees.

Accepted Answer

A) True 
 B)False

Question 11

Creating a regulatory and financial environment,which moves manufacturers to stress fuel economy instead of performance,could enable us to cut fuel emissions by 50% between now and 2030.

Accepted Answer

A) True 
 B)False

Question 12

Why can't businesses alone solve the environmental sustainability challenge?

Accepted Answer

Businesses alone cannot solve the enviro...

Question 13

A business's responsibilities to its owners and investors include

Accepted Answer

A)   protecting the owners' rights and investments.
B)   maintaining proper accounting procedures.
C)   providing all relevant information about current and projected performance of the firm.
D)   maximizing their investment in the firm.
E)   all of the answers are correct.F) A) and D)
G) B) and E)

Question 14

What is a key outcome of the analysis of the key drivers of environmental impact and degradation?

Accepted Answer

The initial impact assessment is followe...

Question 15

Which of the following is NOT a critical trading practice that global market participants must agree to in order to achieve environmental sustainability?

Accepted Answer

A)   pay for the social costs of environmental degradation
B)   support and accept pricing policies which reflect the full cost of expenses incurred in order to achieve environmental sustainability
C)   block the ability of market players from obtaining and leveraging a competitive advantage as a result of efforts to avoid environmental costs
D)   a) , b)  and c) 
E)   None of the aboveF) B) and C)
G) A) and D)

Question 16

Businesses alone cannot solve the environmental sustainability challenge which currently confronts us.

Accepted Answer

A) True 
 B)False

Question 17

Corporate ___________ is the concern businesses have for the welfare of society.

Accepted Answer

A)   philanthropy
B)   responsibility
C)   policy
D)   social responsibilityE) All of the above
F) None of the above

Question 18

Ethical problems and issues of social responsibility are:

Accepted Answer

A)   unique to firms involved in global trade.
B)   unique to Canada.
C)   not unique to Canada.
D)   less important now than in the past.E) B) and D)
F) C) and D)

Question 19

The full emersion of environmental sustainability into the strategic planning process of an organization means integrating it throughout our _____,_______ and __________.

Accepted Answer

A)   principles; operations; environment
B)   culture; practices; processes
C)   management teams; operations; processes
D)   culture; operations; processes
E)   culture; operations; principlesF) B) and E)
G) B) and C)

Question 20

List and briefly describe the 7 key supply side factors for resource availability.

Accepted Answer

The supply side of the demand/supply rel...

Exam 4: The Environment and Sustainable Business Practices

Minority hiring practices and pollution control are both areas of corporate responsibility.

Correct AnswerverifiedShow Answer

Explain resource management.

Correct AnswerverifiedResource management refers to our abilit...View AnswerShow Answer

Only the residents of the United States,on a per capita basis,use more water than Canadians.

Correct AnswerverifiedTrue

Explain how transportation is key to responding to climate change.

Correct AnswerverifiedTransportation is another key area where...View AnswerShow Answer

The economic power of large multinational firms allows them to ignore the ethical standards of a society without consequences.

Correct AnswerverifiedShow Answer

Environmental sustainability is a highly complex challenge which literally reaches to the core of an organization's soul.

Correct AnswerverifiedShow Answer

Managers consider social responsibility

Correct AnswerverifiedB

Issues of social responsibility are:

Correct AnswerverifiedShow Answer

"My only social responsibility is to make a profit.I will show my concern for society by providing my customers with a product that they need and desire." These statements are consistent with the concept of corporate social responsibility.

Correct AnswerverifiedFalse

Corporate social responsibility refers to the concern businesses have for their employees.

Correct AnswerverifiedShow Answer

Creating a regulatory and financial environment,which moves manufacturers to stress fuel economy instead of performance,could enable us to cut fuel emissions by 50% between now and 2030.

Correct AnswerverifiedShow Answer

Why can't businesses alone solve the environmental sustainability challenge?

Correct AnswerverifiedBusinesses alone cannot solve the enviro...View AnswerShow Answer

A business's responsibilities to its owners and investors include

Correct AnswerverifiedShow Answer

What is a key outcome of the analysis of the key drivers of environmental impact and degradation?

Correct AnswerverifiedThe initial impact assessment is followe...View AnswerShow Answer

Which of the following is NOT a critical trading practice that global market participants must agree to in order to achieve environmental sustainability?

Correct AnswerverifiedShow Answer

Businesses alone cannot solve the environmental sustainability challenge which currently confronts us.

Correct AnswerverifiedShow Answer

Corporate ___________ is the concern businesses have for the welfare of society.

Correct AnswerverifiedShow Answer

Ethical problems and issues of social responsibility are:

Correct AnswerverifiedShow Answer

The full emersion of environmental sustainability into the strategic planning process of an organization means integrating it throughout our _____,_______ and __________.

Correct AnswerverifiedShow Answer

List and briefly describe the 7 key supply side factors for resource availability.

Correct AnswerverifiedThe supply side of the demand/supply rel...View AnswerShow Answer

Correct Answer
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Resource management refers to our abilit...
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True

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Transportation is another key area where...
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B

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False

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Businesses alone cannot solve the enviro...
View Answer

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The initial impact assessment is followe...
View Answer

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The full emersion of environmental sustainability into the strategic planning process of an organization means integrating it throughout our _,_ and ________.

Correct Answer
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Correct Answer
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The supply side of the demand/supply rel...
View Answer