Deck 4: The Environment and Sustainable Business Practices

Question 1

Issues of social responsibility are:

A) unique to firms involved in global trade.
B) unique to Canada.
C) not unique to Canada.
D) less important now than in the past.

Answer 1

C

Question 2

When working with international firms,Canadian businesses:

A) tend to ignore the ethics of their international partners.
B) expect socially responsible behaviour from their business partners.
C) feel that their responsibility is limited to Canada.
D) try to avoid judging our international business partners by Canadian standards.

Answer 2

B

Question 3

Businesses can best meet their responsibility to society by:

A) creating markets for domestic products.
B) shifting the blame for product liability cases onto the legal system.
C) supporting their preferred government officials.
D) creating wealth for their stockholders.

Answer 3

D

Question 4

What was a key factor in why Canadians use so much water,according to The Conference Board of Canada study?

A) industrial usage
B) agricultural usage
C) a lack of water conservation practices
D) deficient distribution system
E) deficient water infrastructure system

Question 5

Issues of social responsibility and ethical behaviour are:

A) the result of greed found in capitalist countries.
B) found primarily in countries with a low standard of living.
C) a concern only of business professors.
D) found in many different countries.

Question 6

peer countries in terms of _________.

A) environmental stewardship
B) regulatory environmental compliance
C) water conservation
D) energy conservation
E) deforestation

Question 7

Which of the following is NOT one of the five critical sustainability challenges?

A) climate change
B) pollution and health
C) water depletion
D) energy crunch
E) resource depletion

Question 8

,approximately how many people live in areas which do not have access to clean and safe drinking water?

A) 3.1 billion
B) 2.1 billion
C) 1.1 billion
D) 0.5 billion
E) 3.6 billion

Question 9

Top leaders in government and business today are:

A) held to higher ethical standards than in the past.
B) held to less strict moral standards than in the past.
C) less interested in social responsibility than in the past.
D) at odds with the general public in regard to ethical issues.

Question 10

Which of the following is NOT a reason why Great Britain and Europe,during the mid-to-late 1700's,began the shift from one of a largely agricultural-based dependent society to that of a market transitioning towards a production-based model:

A) population growth
B) increase in trade and inventiveness
C) environmental stewardship
D) growing emphasis on wealth creation
E) mercantilism backed by the rise of business systems

Question 11

What was a key factor in why Canadians use so much water,according to The Conference Board of Canada study?

A) industrial usage
B) agricultural usage
C) a lack of water conservation practices
D) deficient distribution system
E) deficient water infrastructure system

Question 12

current estimate for the population of our planet in 2050?

A) 6.8 billion
B) 8.2 billion
C) 9.2 billion
D) 10.8 billion
E) 15 billion

Question 13

Which of the following is NOT a successful economic development ratings that goes beyond production and consumption indices and include additional measures?

A) protection of our biosphere
B) sustainable use of global resources
C) production-based productivity indexes
D) energy conservation
E) environmental restoration

Question 14

current estimate for the population growth of our planet in 2050?

A) 25%
B) 50%
C) 30%
D) 36%
E) 40%

Question 15

Which of the following is NOT a goal of sustainable business strategy?

A) design and redesign business processes
B) allow for increased wealth and enhanced competitive advantage
C) incorporate the principles of human mankind
D) incorporate resource protection and sustainability for the future
E) incorporate protection and respect for water resources

Question 16

Issues of social responsibility and ethical behaviour are:

A) the result of greed found in capitalist countries.
B) found primarily in countries with a low standard of living.
C) a concern only of business professors.
D) found in many different countries.

Question 17

Ethical problems and issues of social responsibility are:

A) unique to firms involved in global trade.
B) unique to Canada.
C) not unique to Canada.
D) less important now than in the past.

Question 18

What was a key factor in why Canadians use so much water,according to The Conference Board of Canada study?

A) industrial usage
B) agricultural usage
C) a lack of water conservation practices
D) deficient distribution system
E) deficient water infrastructure system

Question 19

All of the following are arguments in favor of social responsibility except

A) businesses created many of the problems, so they should participate in finding solutions.
B) businesses may lose their focus on profit-making.
C) businesses that are socially responsible prevent more government regulation.
D) the survival of a healthy economy depends on businesses being socially responsible.
E) as members of society, businesses should do their fair share.

Question 20

What percentage cuts to carbon-based emissions are needed to significantly reverse the downward spiral associated with climate change?

A) 25%
B) 50%
C) 75%
D) 10%
E) 100%

Question 21

Which of the following is NOT one of the fundamental shifts in the thought process associated with waste according to The Resource Management model?

A) resources are finite
B) Waste disposal is an unavoidable cost
C) resource efficiency can lead to lower overall costs in the long run
D) Investments in reduce, reuse, recycle and recovery initiatives are yielding long-term cost savings
E) societal pressure, such as a company's waste reduction and waste prevention strategies, is becoming closely linked to company image and brand reputation

Question 22

Managers consider social responsibility

A) on a weekly basis.
B) on a daily basis.
C) at annual planning meetings.
D) during budget planning sessions.
E) infrequently.

Question 23

Which of the following is NOT a critical trading practice that global market participants must agree to in order to achieve environmental sustainability?

A) pay for the social costs of environmental degradation
B) support and accept pricing policies which reflect the full cost of expenses incurred in order to achieve environmental sustainability
C) block the ability of market players from obtaining and leveraging a competitive advantage as a result of efforts to avoid environmental costs
D) a), b) and c)
E) None of the above

Question 24

Only the United States scored worse than Canada,with respect to water consumption.

Question 25

________ refers to the tactical shifts required within our business operations in order to maximize the efficiency of our resource utilization and minimize or eliminate the resulting current degradation to the planet which such operations bring.

A) Environmental sustainability standards
B) Eco-Efficiency management
C) Environmental sustainability challenge
D) Resource management
E) Emissions management

Question 26

The full emersion of environmental sustainability into the strategic planning process of an organization means integrating it throughout our _____,_______ and __________.

A) principles; operations; environment
B) culture; practices; processes
C) management teams; operations; processes
D) culture; operations; processes
E) culture; operations; principles

Question 27

Top leaders in government and business today are:

A) held to higher ethical standards than in the past.
B) held to less strict moral standards than in the past.
C) less interested in social responsibility than in the past.
D) at odds with the general public in regard to ethical issues.

Question 28

Corporate ___________ is the concern businesses have for the welfare of society.

A) philanthropy
B) responsibility
C) policy
D) social responsibility

Question 29

A business's responsibilities to its owners and investors include

A) protecting the owners' rights and investments.
B) maintaining proper accounting procedures.
C) providing all relevant information about current and projected performance of the firm.
D) maximizing their investment in the firm.
E) all of the answers are correct.

Question 30

Determining what is involved for a firm to be socially responsible:

A) is easy.
B) varies even among those who are interested in corporate responsibility.
C) helps government officials develop appropriate legislation.
D) varies from industry to industry.

Question 31

Which of the following groups need NOT be involved to redefine the way in which we can achieve the required economic development which will result in an improvement in the standard of living for all global citizens while,at the same time,protect the planet which we call home?

A) governments
B) organizations
C) businesses
D) individuals
E) None of the above

Question 32

Which of the following is NOT one of the long-term benefits that results from the integration of environmental sustainability practices into an organization's

A) Pricing power
B) Enhanced efficiencies
C) Stronger recruitment positioning
D) Customer retention
E) Stronger employee base

Question 33

For many businesses,environmental sustainability is focused which two short-term outcomes?

A) Pricing power and Enhanced efficiencies
B) Stronger recruitment positioning and Customer retention
C) Stronger employee base and Strong environmental management
D) New business options and Improved Corporate Image
E) Improved Corporate Image and Regulatory Compliance

Question 34

___________,often driven by external groups and concerned citizens,has resulted in a greater awareness and understanding of the environmental challenge which we are now facing.

A) Regulatory compliance
B) Societal pressure
C) Eco-management
D) Environmental sustainability initiatives
E) Environmental responsibilities

Question 35

Emissions Management is focused on our ability,across the globe,to achieve a position of ________.

A) phase out of hazardous inputs
B) zero global emissions
C) attacking pollution at the source
D) cut carbon-based emissions
E) environmental sustainability

Question 36

All else held equal,socially responsible firms:

A) are viewed more favourably by consumers.
B) enjoy significantly higher profits.
C) often experience customer loyalty problems.
D) fail to earn sufficient profits for their owners.

Question 37

In addressing social responsibility,managers must consider their firms' relations with

A) employees.
B) owners.
C) customers.
D) the community.
E) all of the answers are correct.

Question 38

___________ means that businesses need to see environmental sustainability as an integral part of value creation and that this creation includes sustaining and enhancing the resources which we depend on well into the future.

A) Regulatory compliance
B) Societal pressure
C) Eco-management
D) Environmental sustainability initiatives
E) Strategic integration

Question 39

For many businesses,environmental sustainability is focused which two short-term outcomes?

A) Pricing power and Enhanced efficiencies
B) Stronger recruitment positioning and Customer retention
C) Stronger employee base and Strong environmental management
D) New business options and Improved Corporate Image
E) Improved Corporate Image and Regulatory Compliance

Question 40

Only the residents of the United States,on a per capita basis,use more water than Canadians.

Question 41

The Global Fuel Economy Initiative expects the number of cars worldwide to triple between now and 2050.

Question 42

One responsibility of business is to satisfy customers by offering them goods and services of real value.

Question 43

Creating a regulatory and financial environment,which moves manufacturers to stress fuel economy instead of performance,could enable us to cut fuel emissions by 50% between now and 2030.

Question 44

The ethical standards by which international political leaders are judged are less strict today than they were in years past.

Question 45

Promoting social justice is a responsibility of society,but not businesses.

Question 46

Successful economic development ratings need to go beyond production and consumption indices and include additional measures such as the protection of our biosphere.

Question 47

To significantly reverse the downward spiral associated with climate change,we will need to cut carbon-based emissions during this period by at least 50% from their current levels.

Question 48

Decarbonizing the energy supply by continuing to apply alternate energy power solutions,such as wind,solar,geothermal,biomass,hydro,and even nuclear,where applicable,will reduce the carbon footprint further.

Question 49

A firm's net social contribution is the difference between their positive contributions and their negative social impacts.

Question 50

One responsibility of business is to satisfy customers by offering them goods and services of real value.

Question 51

current estimate for the population growth of our planet in 2050 is 9.2 billion.

Question 52

Continued,unabated degradation of our air,land,and water,as the accelerated rate of global economic growth continues,has the making of a massive environmental and planetary disaster.

Question 53

Experts estimate that Canada will need to spend between $70 billion and $90 billion between now and 2016 in order to meet the future needs of our country.

Question 54

Businesses have a social responsibility to create jobs.

Question 55

The economic power of large multinational firms allows them to ignore the ethical standards of a society without consequences.

Question 56

Successful economic development ratings need to go beyond production and consumption indices and include additional measures such as the sustainable use of global resources.

Question 57

Ethical behaviour comes at the expense of stockholder wealth.

Question 58

Often it is the threat of negative publicity that pressures businesses to enforce their corporate code of ethics.

Question 59

Being responsible to your customers may require your firm to provide more information regarding your product than the law demands.

Question 60

Successful economic development ratings need to go beyond production and consumption indices and include additional measures such as energy conservation.

Question 61

,as many as 1.1 billion people live in areas which do not have access to clean and safe drinking water.

Question 62

Many Canadian companies are demanding socially responsible behaviour from their international suppliers.

Question 63

Participants must block the ability of market players from obtaining and leveraging a competitive advantage as a result of efforts to avoid environmental costs.

Question 64

One responsibility of business is to satisfy customers by offering them goods and services of real value.

Question 65

Emissions Management is focused on our ability,across the globe,to achieve a position of zero global emissions.

Question 66

In the long run,a firm's loyalty to their employees can pay off financially.

Question 67

Recycling is a business response to employee issues.

Question 68

Businesses alone cannot solve the environmental sustainability challenge which currently confronts us.

Question 69

Within the Resource Management model,a desired outcome to achieve the goal of zero waste.

Question 70

Participants in trade and economic development must agree to pay for the social costs of environmental degradation.

Question 71

Promoting social justice is a responsibility of society,but not businesses.

Question 72

In the long run,a firm's loyalty to their employees can pay off financially.

Question 73

Eco-Efficiency Management can be thought of as consisting of two broad categories of operational reassessment,these being resource management and emissions management.

Question 74

Strategic integration means that businesses need to see environmental sustainability as an integral part of value creation.

Question 75

A major social responsibility for business is providing equal opportunities for all employees.

Question 76

Participants across markets need to support and accept pricing policies which reflect the full cost of expenses incurred in order to achieve environmental sustainability.

Question 77

Deforestation,which is the massive clearing of the earth's forest,continues to be a major issue in many developing countries.

Question 78

Canadian businesses are not socially responsible for the activities of a foreign supplier.

Question 79

Environmental sustainability is a highly complex challenge which literally reaches to the core of an organization's soul.

Question 80

For the global marketplace to be truly successful in responding to this challenge,businesses need to completely integrate environmental responsibility into their business strategies.