Exam 9: Business and Environmental Sustainability

The regulatory model assumes that economic growth is environmentally and ethically benign.

The Triple Bottom Line approach involves measuring business success of sustainable businesses and sustainable economic development in terms of:

Markets can work to prevent harm only through information supplied by the existence of market failures. This is better known as the:

Which of the following recommends cycling the waste of one activity into the resource of another?

Discuss the market-based approach to resolving environmental challenges.

Over the long term, resources and energy cannot be used, nor waste produced, at rates at which the biosphere cannot replace or absorb them without jeopardizing its ability to sustain life. These are what Herman Daly calls the:

Which of the following causes inadequacy in ad hoc attempts-internalizing external costs and assigning property rights to unowned goods such as wild species-to repair market failures?

Elaborate on the conservation movement.

The _____ responsibility holds that a business should be responsible for incorporating the end results of its products back into the productive cycle.

Which of the following responsibilities entail an incentive to redesign products so that they can be recycled efficiently and easily?

According to William Baxter, the optimal level of pollution is best attained by leaving it to a competitive market.

A "first generation" approach is ill advised when public policy involves irreplaceable public goods.

The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as the:

Which of the following is involved in environmental problems according to the market-based approach to resolving environmental challenges?

Which of the following is a problem associated with the regulatory approach to environmental challenges?

Which of the following is true of a service-based economy?

Internalizing external costs and assigning property rights to unowned goods are responses to market failures.

Briefly describe the reasons supporting the practice of sustainability within businesses.

What are the general principles that will guide the movement of businesses toward sustainability?

The goal of competitive sustainability is referred to as one of the three pillars of sustainability.