Foundations of Sustainable Business: Theory, Function, and Strategy

Foundations of Sustainable Business: Theory, Function, and Strategy Multiple Choice Questions 1) Sustainability requires today’s generation to steward __________ for the benefit of future generations. a. Success b. Entrepreneurship c. Natural resources d. Products and services Correct answer: c Difficulty Level: easy Reference: 1.1.1, definition of key term “principle of stewardship” Bloom’s Taxonomy Code: Comprehension Learning Objective: 1.1 Define sustainability and explain its relevance to business. 2) The triple bottom line consists of ______, _______, and _______ metrics of organizational success. a. Competition, innovation, risk b. Risk, reward, opportunity c. Management, operations, marketing d. Social, economic, environmental Correct answer: d Difficulty Level: easy Reference: 1.1.1, definition of key term “triple bottom line” Bloom’s Taxonomy Code: Knowledge Learning Objective: 1.1 Define sustainability and explain its relevance to business. 3) Sustainable business is characterized by the trend of measuring and managing success in terms of _____, ______, and ______ performance. a. Risk, marketing, financial b. Social, economic, environmental c. Operations, supply chain, leadership d. Employee, supplier, managerial Correct answer: b Difficulty Level: medium Reference: 1.1.1, definition of key term “sustainable business” Bloom’s Taxonomy Code: Comprehension Learning Objective: 1.1 Define sustainability and explain its relevance to business. 4) Small and Mid-sized Enterprises (SMEs) are responsible for _____ of global industrial pollution. a. 60-70% b. Very little c. Disposal d. Outsourcing Correct answer: a Difficulty Level: medium Reference: 1.1.1, Global Insight: Sustainability at Small and Mid-sized Enterprises Bloom’s Taxonomy Code: Comprehension Learning Objective: 1.1 Define sustainability and explain its relevance to business. 5) Global human population and per capita consumption levels are _______. a. Optimistic b. Decreasing c. Uncertain d. Increasing Correct answer: d Difficulty Level: easy Reference: 1.1.2, Figure 1.1 Bloom’s Taxonomy Code: Application Learning Objective: 1.1 Define sustainability and explain its relevance to business. 6) Developed economies are responsible for substantially greater levels of ______ than developing economies. a. Income equality b. Inequality c. Aggregate consumption d. Insider trading Correct answer: c Difficulty Level: medium Reference: 1.1.2, Figure 1.1 Bloom’s Taxonomy Code: Knowledge Learning Objective: 1.1 Define sustainability and explain its relevance to business