Question 1

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 2

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

Accepted Answer

The answer of Explain the concept of eco-efficiency, biomimicry and...

Question 3

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 4

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 5

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

Accepted Answer

The answer of Explain Herman Daly's economic system model also...

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

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

The answer of While the regulatory and compliance model tends...

Question 8

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

Accepted Answer

The answer of In economic terms, all resources are "_____,"...

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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 11

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 12

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

The answer of The _____ movement made the case that...

Question 13

Why was the Brundtland Commission formed?

Accepted Answer

The answer of Why was the Brundtland Commission formed?...

Question 14

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

Accepted Answer

The answer of The ultimate goal of _____ is to...

Question 15

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

Accepted Answer

The answer of Describe the challenges associated with the regulatory...

Question 16

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

The answer of List the various laws related to governmental...

Question 17

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 18

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 19

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 20

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

Exam 9: Business and Environmental Sustainability

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.

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

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

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

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

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?

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.

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

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

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

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

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

Why was the Brundtland Commission formed?

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

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

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

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

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

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

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.