Deck 15: Sustainability and Environmental Performance: Exploring Concepts and Strategies

Question 1

Which is the motivator to implementation of sustainability?

A) Potential cost saving
B) Enhancing employee morale
C) Increasing market share and image improvement
D) All of these

Answer 1

D

Question 2

What do green financing schemes NOT cover?

A) Consumer market
B) Employee market
C) Producer market
D) Both consumer market and producer market

Answer 2

B

Question 3

What incentives does regional German government give to the companies?

A) Tax reduction and grant opportunities
B) Bonus rewards
C) Extra resource available for the companies
D) All of these

Answer 3

A

Question 4

Which of the following is NOT the priority of the Entrepreneurship and Innovation Program (EIP)?

A) Smart purchasing
B) Buildings
C) Transportation
D) None of these

Question 5

Which category is NOT applicable to tourism companies in terms of green funds?

A) Environmental leaders and pioneers
B) Well-decorated office building
C) Ethically minded companies
D) Environmental technology companies

Question 6

What is the main concept of green accounting?

A) Internalization of external environmental cost
B) Social cost
C) Both of these
D) Neither of these

Question 7

In what areas does the hospitality industry produce negative socio-environmental externalities?

A) Water and energy
B) Waste management and air pollution
C) socio-cultural environment
D) All of these

Question 8

Which one is NOT a socio-cultural externality of hospitality industry?

A) Increasing construction of hotels at a destination changes the land tenure and ownership with fewer opportunities for local residents
B) Tourism is reported to have increased alcoholism and prostitution
C) Production of greenhouse gases form non-renewable energy sources
D) Concentration of tourism infrastructures, including hotels create overcrowding of public spaces and road congestion

Question 9

Who is more likely to pay for the internalizing externalities?

A) User pays
B) Company pays
C) Both users and companies
D) None of these

Question 10

What is included in monetary benefits for sustainability performance indicators?

A) Biodiversity
B) Profits and energy costs
C) Employees' health
D) None of these

Question 11

What is NOT true about the LIFE programme?

A) It is an EU financial instrument supporting nature conservation project
B) Since 1992, LIFE has co-financed thousands of projects geared towards the protection of the environment
C) Neither of these
D) Both A and B are correct

Question 12

If a company decides to operate the green investment, what kind of financial
Product will be invested?

A) Stocks or funds involving the underlying company or businesses in environmental improvement operations
B) The companies that are developing renewable energy technology
C) The companies that have excellent environmental initiatives
D) All of these

Question 13

Which one is NOT an energy externality of hospitality industry?

A) Production of greenhouse gases from non-renewable energy sources
B) Increased needs for energy for operations leading to more demand and increased pressure on energy sources
C) Use of fossil fuel-based energy sources causes respiratory and other health problems
D) Hospitality and tourism encourages the development of pseudo-art forms and
E) commercializes traditional ceremonies catering to tourists and guests, devaluing the traditional practices and cultures of the destinations

Question 14

Which of the following is NOT a concept linked to internalizing externalities?

A) Government pays for the pollution
B) PPP - extended producer responsibility - company pays
C) Carbon Credits - internalizing costs of air pollution
D) Polluter pays principle - user pays

Question 15

What is the concept of 'Carbon Credit'?

A) Value the cost of greenhouse emission
B) Create a market in the form of carbon credits for reducing emission
C) Allow a business to offset the excess emission
D) All of these

Question 16

What environmental impact is included in Environmental Performance Indicator (EPI)?

A) Greenhouse gas emission
B) Water usage
C) Energy
D) All of these

Question 17

What are the steps considered when calculating the ROI (Return on Investment) on photovoltaic panel?
(1) Establish the purchasing costs; (2) Calculate tax credit amount; (3) Estimate the energy produced; (4) Find out the current kWh rate

A) Both (1) and (2)
B) Both (3) and (4)
C) All of (1), (2), (3) and (4)
D) Only (1)

Question 18

According to the sustainability performance cost benefits framework, what element is included in the framework?

A) Physical performance
B) Environmental performances
C) Social performance
D) Economic performance

Question 19

Which one is the correct description of environmental auditing?

A) It is facilitating management control of environmental practices
B) It is assessing compliance with company policies
C) Both of these
D) Neither of these

Question 20

A self-administered audit is an alternative to the traditional third-party audit. Which one of the following is NOT true?

A) The company gathering the data, analysing the data using various indicators and producing the results on which it is to be evaluated, is the same company undertaking the audit
B) To ensure a minimum level of credibility, the audit of a particular item is undertaken by someone independent of that particular item
C) Once the audit has been completed, the findings are disclosed and corrective actions are undertaken, necessarily leading to a continuous improvement scenario
D) This alternative auditing is very pricy