Module 1 & 2 Exam Questions And Answers

Scott Denning believes climate change is: - ANS simple, serious, solvable Dean postulated that the business understanding of Sustainability, much life Calvin and Hobb's Cardboard box, has transmogrified to mean more than just financial stability. - ANS True Which of the following accurately defines a symbiotic relationship? - ANS Symbiotic relationship refers to organizations interacting in a positive way with its environment, contributing to sustainability. A car manufacturing company decides to hire new workers to increase production. This company decides to use new technology to produce cars with low carbon emission to protect the environment, recycle scrap material, and use proper disposals systems for waste. This policy will help generate profits by increasing production and also fulfill the company's social responsibility to people and the planet by generating employment, manufacturing eco-friendly cars, and reducing the risks of harming the environment. Which of the following is the company practicing? - ANS triple bottom line legal and regulatory requirements set forth by the government can be drivers for businesses to pursue broader sustainability efforts. - ANS true which of the following is true of pursuing sustainability? - ANS increases retention of employees who care about the environment Which of the following refers to a business philosophy where a business does "well" (is successful financially) by doing "good" (helping others and the environment)? - ANS Enlightened Self - Interest The learning curve on sustainable business practice can be long and hard and it often entails significant risks and uncertainty. - ANS true The contribution that a company makes to society through its core business activities, its social investment and philanthropy programs, and, its engagement in public policy is known as what? - ANS corporate citizenship In the Michael Porter video we watched this week, Porter's premise is that Business has role to play in Sustainability. - ANS true Read this carefully: In 1987 after 900 days of research and work, Norwegian Prime Minister Gro Harlem Brundtland developed what has become the touchstone definition for Environmental Sustainability. It states that: "Allowing future generations to meet their needs by compromising the current generation's ability to meet their own needs." True or False? - ANS False Which of the following are part of the "Tragedy of the Commons" (TotC) concept? - ANS TotC occurs when different parties have open access to the same Ecosystem Services. TotC occurs when different parties act independently in their own self-interests. A basic premise of TotC is that the carrying capacity will be exceeded. Over time, the word "sustainability" has morphed from being only about the long term financial viability of a company to now include components of social and environmental concerns. - ANS True ______ posits that unlimited economic growth is not possible while ______ posits that unlimited economic growth is possible. - ANS "limits to growth", "no limits to growth" Below are "3 P's". Match them to the correct word. - ANS People, Planet, Profit The Cornucopia Theory states that there is only ONE scarcity...what is it? - ANS Human brain power...which is the ultimate resource What are examples of ecosystem services? - ANS All of the Above: Lumber, Water, Solar Energy Which of the following is NOT part of the IPAT equation? - ANS Planet The "Limits to Growth" concept states that, if development is left unabated the earth's carrying capacity will be exceeded. However, this theory also says that the collapse could be avoided with which of the following: - ANS The government implementing regulations and policy Modify behavior As discussed in class, the "No Limits to Growth" concept states that we can have indefinite development because of: - ANS Economic Law of Supply and Demand Innovation Sustainability involves having an understanding of the relationship between business, humanity and nature. - ANS True The market and laws of supply and demand can serve to reduce demand for scarce resources and guide resource allocation. - ANS True However, the market and laws of supply and demand may not respond quick enough to reduce demand for scarce resources. - ANS true According to our discussion in class this week, who accesses The Commons? - ANS All of the Above: Individual Humans Businesses Sheep Herders Which of the following is true of consumerism? - ANS It attempts to meet material needs and wants. ______ is the study of life forms and their interaction and their relationship with the environment with a focus on how biological systems remain diverse, healthy and productive. - ANS Ecology