Deck 8: Accounting and Sustainability Intelligence

Question 1

Hardware selection decisions could impact the unique challenges of proper disposal or recycling of electronic waste.

Answer 1

True

Question 2

Short-term results that might appear favorable for all three bottom lines might also be favorable in the long run.

Answer 2

False

Question 3

The triple bottom line is also called

A)TriBL
B)TBL
C)3BL
D)TrBol

Answer 3

C

Question 4

The triple bottom line measures all the following business decision results except

A)Social
B)Morale
C)Economic
D)Environmental

Question 5

Sustainability initiatives impact

A)The accounting system
B)The corporate structure
C)IT requirements
D)A and C

Question 6

________ are a related set of activities that add value.

Question 7

Sustainability requires corporations to consider the long view of decisions, actions, and consequences.

Question 8

Sustainability shifts the business focus to

A)A holistic view of the business as an integral part of a larger system
B)Viewing the business as an insignificant part of a larger system
C)The environmental impacts
D)Bottom line profit

Question 9

The ________, as its name implies, considers these results: the effect on people, profit, and the planet.

Question 10

The ________ is a related set of business processes.

Question 11

Much of sustainability reporting uses qualitative data.

Question 12

XBRL uses electronic tags for data, both quantitative and qualitative.

Question 13

Sustainability accounting does not impact people inside the organization.

Question 14

Enterprises and society have discovered that focusing only on bottom line profit can lead to dysfunctional results both for corporations and for society.

Question 15

Although the triple bottom line and sustainability are related, ________ considers a longer run perspective.

Question 16

An accounting system must now be capable of capturing data and providing sustainability information for decision making and performance evaluation.

Question 17

The traditional cost-benefit decision model considers quantitative and qualitative factors.

Question 18

The triple bottom line focuses on the effect of which three results?

A)People, technology, and environment
B)Profit, people, and quality of life
C)People, profit, and the planet
D)Technology, profit, and corporate morals

Question 19

Initiatives for sustainability accounting do not impact the accounting system and IT requirements.

Question 20

What is the triple bottom line and what does it measure?

Question 21

________ uses electronic tags for data, both quantitative and qualitative.

Question 22

E-cycling is

A)A transaction cycle of a purchase over the Internet
B)The recycling of electronics, such as computers and cellular phones
C)The improper disposal of electronic waste
D)Something that has little impact on IT hardware purchases

Question 23

What new perspective does sustainability require of corporations?

Question 24

How does sustainability accounting impact technology?

A)Sustainability accounting has no impact on technology.
B)IT components may be redesigned to reduce or eliminate various heavy metals.
C)Data needs to be stored for longer periods of time.
D)Companies will place more dependance on paper and less dependance on computers.

Question 25

Sustainability recognizes the interdependencies of economic, social, and environmental factors in creating value.

Question 26

Sustainability reporting uses which type of data? Select the best answer.

A)Financial
B)Qualitative
C)Nonfinancial
D)Historical

Question 27

How does sustainability accounting impact people?

A)Accountants collect the same type of data.
B)Customers expect less eco-friendly products.
C)Vendors may be asked to increase packaging materials.
D)Employees may be asked to modify business processes.

Question 28

Sustainability accounting collects information for which two general purposes?

A)Making decisions and evaluating performance
B)Reporting to investors and governmental agencies
C)Evaluating performance and reporting to investors
D)Making decisions and reporting to investors

Question 29

For many corporations, decisions in the short term produce

A)Above average profits
B)Below average profits
C)Extraordinary profits
D)Average profits

Question 30

Biomimicry is an innovation method that seeks sustainable solutions by emulating nature's patterns and strategies.

Question 31

How can XBRL help simplify accounting for sustainability?

Question 32

How does sustainability accounting impact people?

Question 33

What does sustainability accounting involve and what is the purpose?

Question 34

You are a staff accountant in the purchasing cycle group at Acme Widgets. Acme manufactures widgets from various metals and has manufacturing plants around the world.
Acme Widgets has come under pressure from various governments, environmental, and humanitarian groups to improve their sustainability practices. You are asked to provide suggestions on incorporating sustainability practices within the purchasing cycle. Prepare an email with your suggestions.

Question 35

________ data can easily be stored and retrieved using a database.

Question 36

What does enterprise carbon accounting measure?

A)The reduction of carbon emissions resulting from a corporation's process redesign
B)The impact of recycling on corporate profits
C)Consumer awareness of carbon emissions
D)The amount of carbon emissions resulting from a corporation's operations and activities

Question 37

Sustainability, a new approach to decision making, shifts the decision focus from minimizing risk to creating value.

Question 38

What are the three keys to sustainability?

Question 39

What is the focus of enterprise carbon accounting?

Question 40

Integrating sustainability into decision making often involves innovation, looking at issues as opportunities and envisioning new sustainable solutions.

Question 41

________ is an innovation method that seeks sustainable solutions by emulating nature's patterns and strategies.

Question 42

Sustainability, a new approach to decision making, shifts the decision focus from minimizing risk to ________.

Question 43

To be ________ sustainable, it is necessary to have a balance of cash inflows and cash outflows that can be maintained in the long run.

Question 44

Match the abbreviations to the definitions.

A)Integrated Decision analysis
B)Enterprise Sustainability Accounting
C)Enterprise Carbon Accounting
D)Triple Bottom Line
E)Integrative Decision Model
3BL

Question 45

Match the abbreviations to the definitions.

A)Integrated Decision analysis
B)Enterprise Sustainability Accounting
C)Enterprise Carbon Accounting
D)Triple Bottom Line
E)Integrative Decision Model
IDM

Question 46

Which of the following steps is included in the sustainability IDa model but not in the IDM model?

A)Performance evaluation
B)Qualitative analysis
C)Implement decision
D)A and C

Question 47

Biomimicry

A)Seeks sustainable solutions by avoiding nature's patterns and strategies
B)Is a type of scientific research that studies nature and does not apply discoveries to commercial use
C)Seeks sustainable solutions by emulating nature's patterns and strategies
D)A and B

Question 48

Which of the following is not the best method of creating value?

A)Adopting a cradle-to-cradle/zero-waste model
B)Using life-cycle assessment
C)Redesigning the product and process
D)Implementing a lawsuit risk minimization plan

Question 49

The ________ model provides an organizing framework for grappling with complex and sometimes conflicting sustainability issues.

Question 50

Match the abbreviations to the definitions.

A)Integrated Decision analysis
B)Enterprise Sustainability Accounting
C)Enterprise Carbon Accounting
D)Triple Bottom Line
E)Integrative Decision Model
IDa

Question 51

How are the quantitative and qualitative factors in the IDM model expanded in the IDa model?

A)An estimated financial amount is associated with the qualitative factors.
B)They include the economic, social, and environmental (ESE)costs/disadvantages and benefits/advantages.
C)They are not expanded in the IDa model.
D)The quantitative factors are converted to qualitative factors.

Question 52

Which method of creating value is best defined as strive for zero waste as opposed to reduced waste?

A)Cradle-to-cradle model
B)Life cycle assessment model
C)Redesign the product
D)Redesign the processes

Question 53

Match the abbreviations to the definitions.

A)Integrated Decision analysis
B)Enterprise Sustainability Accounting
C)Enterprise Carbon Accounting
D)Triple Bottom Line
E)Integrative Decision Model
ECA

Question 54

Match the abbreviations to the definitions.

A)Integrated Decision analysis
B)Enterprise Sustainability Accounting
C)Enterprise Carbon Accounting
D)Triple Bottom Line
E)Integrative Decision Model
ESA

Question 55

One approach to storing qualitative data is to

A)Quantify it using numerical ranking
B)Track it in spreadsheets
C)Ignore it; qualitative data is not relevant to business decisions
D)Convert it into a financial amount using business intelligence tools

Question 56

Create/draw the sustainability IDa (Integrated Decision analysis)model.

Question 57

A decision model

A)Streamlines the data collection process
B)Reveals the interdependencies of economic, social, and environmental factors in creating value
C)Guarantees a corporation is making the right decision
D)Makes the decision process overly complex

Question 58

True sustainability focuses on creating

A)Short-term profits
B)Short-term value
C)Long-term value
D)A and B

Question 59

Which type of sustainability is best defined as having a balance of cash inflows and cash outflows that can be maintained in the long run?

A)Environmental sustainability
B)Economic sustainability
C)Social sustainability
D)Human sustainability

Question 60

How can the integrative decision model be expanded to encompass the additional dimension of economic, social, and environmental factors in decision making?

Question 61

Explain three approaches for storing qualitative data in a database. Provide an example of each.

Question 62

The success of a framework or model is often based upon perfection.

Question 63

The ISO 14000 Environmental Management framework provides specific levels of environmental performance for an organization.

Question 64

The ________ sustainability reporting framework of guiding principles for establishing an environmental management system (EMS).

Question 65

The success of a framework or model is often based upon not perfection, but ________.

Question 66

The ________ is the most widely used approach to sustainability reporting.

Question 67

The ability to tag qualitative data with XBRL tags allows users to search for specific economic, social, and environmental performance indicators, such as carbon footprint, and then compare these among different organizations.

Question 68

The ________ offer guiding principles for sustainability and a framework that integrates sustainability into management decision making.

Question 69

What is biomimicry? Provide an example.

Question 70

All aspects of buildings can be measured in terms of their ________ impact.

Question 71

Sustainability reports are used by investors, consumers, society, and others to evaluate a firm's performance in terms of profit, loss, and the ability to continue as a corporation.

Question 72

The accounting system plays a crucial role in the success of sustainability reporting.

Question 73

What is the difference between the IDM and IDa models?

Question 74

The European Union uses the ________ as a framework for sustainability.

Question 75

How does the IDa model integrate sustainability into decision making?

Question 76

Sustainability reporting expands a firm's performance report to include not only economic performance, but also a firm's performance as it relates to ________ responsibility.

Question 77

In order to be effective, the sustainability report must provide information about the organization's sustainability performance in a relatively straightforward and understandable manner. In business, this is described as the ________.

Question 78

List four value creation approaches.

Question 79

A complicated sustainability framework provides greater detail and is more effective than a simplistic sustainability model.

Question 80

The two criteria to evaluate frameworks for reporting and evaluating sustainability performance are ________.