Question 1

The following statements concerning a 'cap and trade' approach to reducing greenhouse gases are true EXCEPT for:

Accepted Answer

A) emission polluters will be given greenhouse gas credits. 
B) the government can reduce total levels of pollution by progressively putting more credits into the market. 
C) the government will set a cap on the number of greenhouse credits. 
D) organisations can sell unused credits and this creates an incentive to reduce emissions. 
A) emission polluters will be given greenhouse gas credits. 
B) the government can reduce total levels of pollution by progressively putting more credits into the market. 
C) the government will set a cap on the number of greenhouse credits. 
D) organisations can sell unused credits and this creates an incentive to reduce emissions. B

Question 2

'Learning for sustainability' is the term used to describe the ongoing learning that must go on within an organisation to achieve sustainability.

Accepted Answer

A) True 
 B)False  True

Question 3

The most universal reporting framework for sustainability is the International Standards for Environmental Management.

Accepted Answer

A) True 
 B)False  False

Question 4

Australian companies must follow the ______________________________as their social and environmental reporting framework.

Accepted Answer

A) Standards for Environmental Management 
B) Global Reporting Initiative 
C) Australian Sustainability Index 
D) These are not compulsory. 
A) Standards for Environmental Management 
B) Global Reporting Initiative 
C) Australian Sustainability Index 
D) These are not compulsory.

Question 5

Performing life-cycle analysis for a product may also mean looking at the costs of suppliers and customers.

Accepted Answer

A) True 
 B)False

Question 6

In order,list the five steps in a decision-making process to achieve sustainability.
_____________________________________________________________________________________________
_____________________________________________________________________________________________

Accepted Answer

1.Identify the problem,including the soc

Question 7

Explain the meaning of 'externalities'.
_____________________________________________________________________________________________
_____________________________________________________________________________________________

Accepted Answer

Externalities are costs that are not pai

Question 8

How does Professor Dexter Dunphy's research describe businesses that want to create a sustainable world by changing the very way they operate?

Accepted Answer

A) Compliance Reactive Minimalists 
B) Bunker Wombats 
C) Proactive Strategists 
D) Transforming Futurists 
A) Compliance Reactive Minimalists 
B) Bunker Wombats 
C) Proactive Strategists 
D) Transforming Futurists

Question 9

The International Standards for Environmental Management Systems are ISO 14001 and ISO 14004.

Accepted Answer

A) True 
 B)False

Question 10

The term 'dynamic complexity' in sustainable decision-making refers to the way in which the factors in the decision change and respond to each other.

Accepted Answer

A) True 
 B)False

Question 11

In which sector has the Global Reporting Initiative not issued sector supplement guidelines?

Accepted Answer

A) Non-government organisations 
B) Small business 
C) Financial services 
D) None of the above;i.e.it has issued them in all of these sectors. 
A) Non-government organisations 
B) Small business 
C) Financial services 
D) None of the above;i.e.it has issued them in all of these sectors.

Question 12

It is not possible to achieve increased economic performance simultaneously with increased social and environmental performance.

Accepted Answer

A) True 
 B)False

Question 13

Sustainability requires 'systems thinking'.Which of these is a part of systems thinking?

Accepted Answer

A) Accepting uncertainty and ambiguity 
B) Challenging our world view 
C) Recognising the larger context 
D) All of the above. 
A) Accepting uncertainty and ambiguity 
B) Challenging our world view 
C) Recognising the larger context 
D) All of the above.

Question 14

The tool used to study the impact of a firm's projects and operations on society at large,including the impact on individuals groups and communities,is known as a(n):

Accepted Answer

A) environmental impact assessment. 
B) social impact assessment. 
C) corporate governance. 
D) risk assessment. 
A) environmental impact assessment. 
B) social impact assessment. 
C) corporate governance. 
D) risk assessment.

Question 15

Which of the following have been identified as 'waste' in the Toyota production system?

Accepted Answer

A) Making defective products 
B) Waiting time 
C) Holding too large a quantity of inventory 
D) All of the above are considered waste. 
A) Making defective products 
B) Waiting time 
C) Holding too large a quantity of inventory 
D) All of the above are considered waste.

Question 16

What is the most important factor in addressing social and environmental challenges?

Accepted Answer

A) The difficulty in collecting relevant information 
B) Recognising and understanding the problem 
C) Including all stakeholders 
D) The interconnectedness of the causes and outcomes 
A) The difficulty in collecting relevant information 
B) Recognising and understanding the problem 
C) Including all stakeholders 
D) The interconnectedness of the causes and outcomes

Question 17

One of the consequences of the existence of externalised costs is that the market place,as it currently operates,does not achieve the optimal outcomes for society as a whole.

Accepted Answer

A) True 
 B)False

Question 18

The term used to describe the ongoing learning that an organisation must undertake to achieve sustainability is:

Accepted Answer

A) life-cycle analysis. 
B) environmental management. 
C) corporate social responsibility. 
D) learning for sustainability. 
A) life-cycle analysis. 
B) environmental management. 
C) corporate social responsibility. 
D) learning for sustainability.

Question 19

Sustainability does not include:

Accepted Answer

A) climate change. 
B) recycling. 
C) the impact of globalisation on living standards in developing countries. 
D) None of the above are excluded. 
A) climate change. 
B) recycling. 
C) the impact of globalisation on living standards in developing countries. 
D) None of the above are excluded.

Question 20

Activity-based costing cannot be extended to include social and environmental costs.

Accepted Answer

A) True 
 B)False

Exam 21: Measuring and Reporting Sustainability

The following statements concerning a 'cap and trade' approach to reducing greenhouse gases are true EXCEPT for:

'Learning for sustainability' is the term used to describe the ongoing learning that must go on within an organisation to achieve sustainability.

The most universal reporting framework for sustainability is the International Standards for Environmental Management.

Australian companies must follow the ______________________________as their social and environmental reporting framework.

Performing life-cycle analysis for a product may also mean looking at the costs of suppliers and customers.

In order,list the five steps in a decision-making process to achieve sustainability. _____________________________________________________________________________________________ _____________________________________________________________________________________________

Explain the meaning of 'externalities'. _____________________________________________________________________________________________ _____________________________________________________________________________________________

How does Professor Dexter Dunphy's research describe businesses that want to create a sustainable world by changing the very way they operate?

The International Standards for Environmental Management Systems are ISO 14001 and ISO 14004.

The term 'dynamic complexity' in sustainable decision-making refers to the way in which the factors in the decision change and respond to each other.

In which sector has the Global Reporting Initiative not issued sector supplement guidelines?

It is not possible to achieve increased economic performance simultaneously with increased social and environmental performance.

Sustainability requires 'systems thinking'.Which of these is a part of systems thinking?

The tool used to study the impact of a firm's projects and operations on society at large,including the impact on individuals groups and communities,is known as a(n):

Which of the following have been identified as 'waste' in the Toyota production system?

What is the most important factor in addressing social and environmental challenges?

One of the consequences of the existence of externalised costs is that the market place,as it currently operates,does not achieve the optimal outcomes for society as a whole.

The term used to describe the ongoing learning that an organisation must undertake to achieve sustainability is:

Sustainability does not include:

Activity-based costing cannot be extended to include social and environmental costs.

Management Accounting in Context

Different Costs for Different Purposes

Determining How Costs Behave

Costvolumeprofit Analysis

Estimating the Cost of Producing Services

Estimating the Costs of Products and Inventory

Target Costing, Managing Activities and Managing Capacity

Activity-Based Management and Activity-Based Costing

Pricing and Customer Profitability

Decision Making and Relevant Information

Budgeting, Management Control and Responsibility Accounting

Flexible Budgets, Direct Cost Variances and Management Control

Flexible Budgets, Overhead Cost Variances and Management Control

Allocation of Support-Department Costs, Common Costs and Revenues

Strategy Formation, Strategic Control and the Balanced Scorecard

Quality, Time and the Balanced Scorecard

Inventory Management, Just-In-Time and Simplified Costing Methods

Capital Budgeting and Cost Analysis

Management Control Systems, Transfer Pricing and Multinational Considerations

Performance Measurement, Compensation and Multinational Considerations

Filters

In order,list the five steps in a decision-making process to achieve sustainability. _ _

Explain the meaning of 'externalities'. _ _