Exam 9: Business and Environmental Sustainability

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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.

(True/False)
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Explain the concept of eco-efficiency, biomimicry and cradle-to-cradle responsibility.

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

(Multiple Choice)
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Which of the following is true of the sustainability model in terms of environmental responsibilities?

(Multiple Choice)
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Explain Herman Daly's economic system model also known as the sustainable model.

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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?

(Multiple Choice)
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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.

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

(Short Answer)
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The conservation movement advocated a more restrained and prudent approach to the natural world.

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

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

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

(Short Answer)
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Why was the Brundtland Commission formed?

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

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

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

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

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

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

(True/False)
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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.

(True/False)
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