Deck 14: The Environment and Business Responsibilities

Question 1

Hendry formulated eight propositions to explain how ENGOs target particular organizations.These propositions include all of the following,except:

A)the greater the previous interaction between the firm and the ENGO,the more likely the firm is to be targeted.
B)the closer the firm is to the consumer in the supply chain,the more likely it is to be targeted.
C)the greater the degree of certainty that the firm is the source of the problem,the more likely they become a target.
D)the larger the firm,the less likely they are to be targeted.
E)the more well-known the firm's brands are,the more likely they are to be targeted.

Answer 1

D

Question 2

Corporations should engage in a dialogue with government agencies for all of the following reasons,except:

A)Government regulates all of the corporation's activities.
B)Government introduces policy changes through taxation rates.
C)Government attempts to manipulate corporate environmental records to penalize certain industries.
D)Government establishes international trade agreements.
E)Government establishes subsidies for corporations.

Answer 2

C

Question 3

The Village Union University is expanding.The population of the surrounding city is growing as more and more people are attracted to employment opportunities at the university.Village Union,if adopting an ecosystem perspective,would focus on all of the following,except:

A)Decreased deer populations caused by loss of grasslands due to increased housing development in the surrounding community.
B)The increased enrollment on the university campus and land use.
C)The University's practice of greenwashing.
D)The impact of university expansion on local duck populations.
E)Air pollution caused by university vehicles.

Answer 3

C

Question 4

Climate change,according to the textbook,is:

A)Caused by acid rain.
B)The result of human inaction.
C)The same as ozone depletion.
D)Synonymous with global warming.
E)Leading to decreased greenhouse gases.

Question 5

Phoebe is concerned that her company will be sued if they continue to exceed their quota,or allowed limit,in the fishery.This concern represents the__________ response to environmental concerns.

A)comprehensive environmental management
B)compliance with laws and regulations
C)token response
D)damage control
E)sustainable development

Question 6

The 4 Rs of Recycling include all the following,except:

A)Reclaim
B)Reduce
C)Recycle
D)Recover
E)Reuse

Question 7

Christine is on the board of directors of a large corporation.She is presenting a report to the other board members which highlights how the firm's economic activities and practices are dependent upon human and natural resources,as well as to physical and financial capital.Her report is most consistent with the principle of:

A)Environmental ethic
B)Sustainable development
C)Business sustainable development
D)Socio-economic impact assessment
E)Government requirement ethic

Question 8

Luis' company is about to launch a new product line of environmentally friendly cleaning products.It is hoping that this product line will offset the risks associated with the acquisition of a small,but debt-laden company in the last quarter.The new product line is an example of:

A)Token response
B)Green marketing
C)Greenwashing
D)Sustainability
E)Eco-insurance

Question 9

Considerable attention has been focused on the pollution of the Halifax Harbour.New regulations controlling waste management,through recycling,is one element of the comprehensive renewal strategy.This is an example of:

A)Sustainable development
B)Business Sustainable development
C)Market environmentalism
D)Standard environmentalism
E)Economic development

Question 10

An environmental assessment document usually does not contain a(n):

A)project budget
B)reasons for the project
C)description of the project
D)outline of how alternatives to the project would affect the environment
E)outline of how the project will affect the environment

Question 11

ABC Corporation has spent a significant portion of its marketing budget redesigning the corporate logo to incorporate images from nature.The corporation,however,has not spent any money on enhancing its environmental strategy or practice.Pollution Probe,an NGO,accuses ABC Corporation of:

A)comprehensive environmental management
B)compliance with laws and regulations
C)market manipulation
D)sustainable development
E)greenwashing

Question 12

PDF Corporation has exceeded its targets for carbon reduction.ABC Corporation cannot meet its targets,so it is possible for ABC to purchase all of the following credits from PDF Corporation,except:

A)Carbon offsets
B)Cap and trade
C)Carbon capture and storage
D)Greenhouse gas credits
E)Emissions- reduction credits

Question 13

A grocery store chain is promoting its reliance on local sources of produce.ENGOs have been advocates of this approach to supply chain management because it reduces pollution caused by long distance transport of produce and even the government has been supportive of this "buy local" strategy.This is an example of:

A)Offsets
B)Sustainable development
C)Standard environmentalism
D)Market environmentalism
E)None of the answers.

Question 14

A resource used as though it belongs to all is referred to as a:

A)social good
B)social bad
C)commons
D)social externality
E)free rider

Question 15

Oil and gas exploration has considerable economic and environmental impact."We must balance development today to ensure that there are resources available for future generations," argues a stakeholder.This statement is most consistent with the principle of:

A)Business sustainable development
B)Sustainable development
C)Environmental ethic
D)Government requirement ethic
E)Economic sustainability

Question 16

Waste management is the concern of which functional area of business?

A)Human resources
B)Operations
C)Marketing
D)Financial management
E)Distribution

Question 17

Enrique is encouraging his company to adopt an approach to environmentalism that would see financial returns balanced with environmental and stakeholder concerns.This approach is best characterized as:

A)compliance with stakeholder expectations
B)compliance with laws and regulations
C)comprehensive environmental management
D)sustainable development
E)a token response

Question 18

OP,an oil and gas exploration company,has decided to adopt an innovative approach to natural gas extraction that will have a less damaging impact on the environment.The idea was first launched by a coop student working in the marketing department who championed the idea when meeting with her department regarding the unit's environmental objectives,the marketing manager raised it with the CFO.The CFO thought the idea sufficiently innovative that he raised it to the CEO.This company is most likely applying the _________orientation to environmental concerns.

A)business sustainable development
B)token response
C)sustainable development
D)compliance with laws and regulations
E)comprehensive environmental management

Question 19

The set of values or principles that govern a corporation's practices relating to the environment is referred to as:

A)Social Impact Investing
B)Eco-ethics
C)Business sustainable development
D)An environmental ethic
E)Sustainable development

Question 20

The major environmental concerns include all of the following,except:

A)Acid rain
B)Air pollution
C)Energy production
D)Greenwashing
E)Ecosystems

Question 21

The United Nations World Commission on Environment and Development
recommendations are consistent with the principles of business sustainable development.

Question 22

Which of the following is a challenge faced by corporations whom ignore the environment?

A)A favourable corporate image tends to gain momentum as social media reports their ignorance.
B)Revenues may suffer as customers prefer products and services less damaging to the environment.
C)Material and production costs may increase faster than for corporations practicing reduction and recycling.
D)Investors become more difficult to attract as the enterprises cannot meet the criteria for environmental and ethical screening.
E)Alienation may occur from the local community,and failure to act may provoke stricter legislation and regulation.

Question 23

Government departments can assist corporations in meeting environmental performance objectives.

Question 24

Adopting an ecosystem approach to business does not imply that business needs to consider the interaction of wildlife on land and water.

Question 25

Business sustainable development is focused on business strategies and activities that balance firms' priorities with stakeholder interests.

Question 26

Which of the following explains why some business journalists are critical of sustainability?

A)It implies that capitalism is morally superior.
B)It means constraining economic development.
C)The concept is clear and concise.
D)It goes well beyond a mere public relations exercise.
E)The concept understand and correctly interprets markets.

Question 27

The level of cooperation between ENGOs and business is increasing.

Question 28

Inconsistencies between consumers' expressed concerns regarding environmentalism and their consumption of environmentally unfriendly products create ethical and responsibility challenges for corporations.

Question 29

Corporations should engage in a dialogue with government agencies in order to contribute to the resolution of environmental problems.

Question 30

The United Nations World Commission on Environment and Development stated that continued economic growth was not a necessary focus in the reduction of poverty.

Question 31

is a non-profit organization comprising investors and environmental organizations who work with corporations to address sustainability challenges such as climate change.

A)Amnesty International
B)International Institute for Sustainable Development (IISD)
C)International Organization for Standardization (ISO)
D)Coalition for Environmentally Responsible Economies (Ceres)
E)Canadian Sustainability Indicators Network (CSIN)

Question 32

Government legislation often requires the submission of an environmental assessment document for review and approval.

Question 33

Climate change is also referred to as global warming.

Question 34

There exists considerable debate regarding the relevance to business of environmental concerns.

Question 35

A comprehensive environmental management approach is necessary given the involvement of multiple,diverse,ethical and responsibility issues.

Question 36

ENGOs are groups that hold shared values or attitudes about challenges confronting the environment.

Question 37

Supply of safe water is a concern in developing nations,but fortunately not in Canada.

Question 38

Environmental audits within a corporation typically focus on particular plants or projects operating in sensitive environmental areas.

Question 39

Ontario Securities Commission requires public corporation to comply with all of the following,except:

A)Identify the economic risks to stakeholders.
B)Costs of financial and operational effects of environmental protection requirements.
C)Environmental policies and the steps to implement them.
D)Identify asset retirement obligations.
E)Quantify accounting estimates regarding environmental liabilities.

Question 40

The generation of energy is usually damaging to the environment.

Question 41

Some business journalists are critical of sustainability.They argue that it means constraining economic development.

Question 42

Profitability is likely reduced due to a focus on environmental concerns.

Question 43

Stakeholder orientation is compatible with sustainable development.

Question 44

Corporations are not required to identify asset retirement obligations.

Question 45

The reputations of corporations who address environmental issues are not likely to be enhanced because these behaviours are now expected of all businesses.

Question 46

The volume of garbage in Canada is growing faster than the Canadian population.

Question 47

Providing green products is not necessary for companies to survive.

Question 48

Greenwashing is the permeation of "green" or environmental concerns throughout all organizational divisions in a corporation.

Question 49

Market environmentalism involves self-regulation.

Question 50

Greenwashing is considered a "token response" to environmental concerns.

Question 51

Environmental groups are easy to deal with.

Question 52

Approximately 50% of corporations have environmentally friendly workplace policies.

Question 53

Companies may purchase "eco-insurance" in response to the liability risk related to environmental problems.

Question 54

Corporate social responsibility measures do not apply to environmental sustainability reporting.

Question 55

Credits purchased from other corporations or organizations to mitigate greenhouse gases released into the environment are called a carbon tax.

Question 56

Standard environmentalism refers to the level of environmentalism practiced by most corporations.

Question 57

The comprehensive environmental management approach has gained favour within certain industries in some industrialized countries.

Question 58

A green workplace is not important in retaining employees in a tight labour market.

Question 59

With carbon capture and storage (CCS),carbon dioxide emissions are captured and injected into underground formations.

Question 60

Environmental issues have added complexity to supply chains.

Question 61

Identify some of the rationales for business journalists' criticism of sustainability.

Question 62

Compare token response to sustainable development as a strategic approach to environmental concerns.

Question 63

Explain the expression "the environment as a commons".

Question 64

Who is Greenpeace Canada?

Question 65

Outline the criticisms of Al Gore's thesis in An Inconvenient Truth.

Question 66

List FOUR of the eight propositions made by Hendry that might explain how ENGOs identify which corporations to target.

Question 67

Give examples of THREE indicators used to evaluate environmental performance.

Question 68

Compare the concepts of "sustainable development" to "business sustainable development".

Question 69

Compare standard environmentalism to market environmentalism.

Question 70

Describe a system of offsets as a variation of emissions trading.