Question 1

Clayton Fabrics manufactures car seats for different automobile manufacturers.The fabric used to make the seats is made from 100% post-industrial materials and renewable soy foam seat bases.This eco-friendly approach to making seats helps the company maintain its competitive advantage over other rivals who use nylon or polyester to make car seats.In this scenario,it is evident that Clayton Fabrics supports _____.

Accepted Answer

The scenario shows that Clayton Fabrics supports sustainability by using eco-friendly materials to make car seats.

Question 2

The graph given below compares the GDP of a country with the country's energy consumption.Analyze the graph and identify a statement that is true for the years 2010-2015.

Accepted Answer

C

Question 3

Power Tree,a thermal power plant,provides electricity to the city of Ipslich by burning coal.It can be said that Power Tree _____.

Accepted Answer

Burning coal in a thermal power plant like Power Tree releases large amounts of carbon dioxide into the atmosphere, which contributes to the increase in the earth's average temperature. Therefore, Power Tree does not contribute to the development of clean energy sources or reduce global warming. It also does not favor sustainability, as burning fossil fuels like coal is not a sustainable practice.

Question 4

A _____ is an economy that produces goods and services with environmental benefit.

Accepted Answer

A clean economy is an economy that produces goods and services with minimal negative impact on the environment. It emphasizes sustainable energy sources, resource efficiency, and pollution prevention.

Question 5

Which of the following statements is true of short-termism?

Accepted Answer

Short-termism is largely a creation of stock markets and the modern capitalistic system. It refers to prioritizing short-term gains over long-term goals, which can lead to decisions that harm the company in the long run.

Question 6

Which of the following statements is true of sustainability?

Accepted Answer

Sustainability is a way of doing business that supports the long-term ecological balance of the environment. It involves using resources in a way that meets the needs of the present without compromising the ability of future generations to meet their own needs. It requires considering the environmental, social, and economic impacts of business decisions and finding ways to minimize harm and maximize benefits for all stakeholders. Fossil fuels are not considered sustainable because they are finite resources that contribute to climate change and environmental degradation. Continuous short-term financial growth is not necessarily sustainable if it is achieved at the expense of the environment or society. Similarly, developing products that are not eco-friendly is not sustainable because it contributes to environmental harm.

Question 7

The e-commerce sector of Belwick has implemented a paperless billing system that enables the e-commerce companies to provide bills online.This approach was implemented with the aim of reducing the use of paper.It is evident that the e-commerce sector of Belwick aimed to create a(n)_____.

Accepted Answer

The implementation of a paperless billing system is aimed at reducing the use of paper, which is a step towards achieving a clean and environmentally sustainable economy.

Question 8

Unlike institutional investors,analysts on Wall Street:

Accepted Answer

Analysts on Wall Street are entirely focused on quarterly earnings, unlike institutional investors who usually have a long-term investment horizon.

Question 9

Instamatic,an information technology company,wants to address climate change in their business strategies.Which of the following strategies can Instamatic adopt to address the issues regarding climate change and become ecologically sustainable?

Accepted Answer

Investing in renewable energy sources to generate power for its buildings would reduce Instamatic's reliance on non-renewable resources and promote ecological sustainability. Operating machines on natural gas during off-peak hours may reduce emissions but is not a long-term solution. Encouraging employees to work only from the office would not necessarily address climate change and may not be feasible for some employees. Replacing liquid crystal display monitors with cathode ray tube monitors would actually be a step backwards in terms of energy efficiency and environmental impact.

Question 10

Apetates,a food processing company,wants to address climate change in their business strategies.Which of the following strategies can Apetates adopt to address the issues regarding climate change and become ecologically sustainable?

Accepted Answer

Operating machines on solar power during off-peak hours can reduce Apetates' carbon footprint and also help them save on electricity costs. Using natural gas as a primary fuel may still contribute to greenhouse gas emissions, and encouraging night-shifts or avoiding wastewater treatment do not directly address climate change or ecological sustainability.

Question 11

Unlike analysts on Wall Street,institutional investors:

Accepted Answer

Institutional investors, such as pension funds and endowments, tend to have a long-term investment horizon, often investing for periods of five years or longer. They generally focus on stable returns over the long-term, rather than short-term gains, and prioritize sustainability in their investment decisions. Therefore, option C is the correct choice.

Question 12

Zencorp,an information technology firm,is an advocate of sustainability.Which of the following strategies can help Zencorp make its business ecologically sustainable?

Accepted Answer

Allowing the majority of its workforce to work from home can significantly reduce Zencorp's carbon footprint as it reduces the need for commuting to and from work, thereby reducing greenhouse gas emissions. Encouraging employees to use diesel cars instead of petrol cars does not necessarily make business more ecologically sustainable. Using hard copies of documents instead of soft copies is less sustainable as it leads to more paper consumption, and avoiding energy-efficiency tests of its products goes against the company's sustainability goals.

Question 13

Which of the following people in Widget Corp. ,an information technology company,is most likely the chief sustainability officer?

Accepted Answer

The chief sustainability officer is responsible for managing and implementing strategies to reduce the overall environmental impact of a company's operations. John, who institutes an energy-efficiency review of every hardware and software product manufactured by the company, is most likely the chief sustainability officer.

Question 14

The graph given below compares the GDP of a country with the country's energy consumption.Analyze the graph and identify a statement that is true for the years 1960-2000.

Accepted Answer

From the graph, we can see that as the energy consumption increased, the GDP of the country also increased. This positive correlation between GDP and energy consumption indicates that the two variables are directly related, and an increase in energy consumption leads to an increase in GDP.

Question 15

Adam,Ryan,Jason,and Stephen argue about the reason behind the fact that developed countries,like the United States and France,continue to see growth with energy consumption.Who among the following provides the most appropriate reason?

Accepted Answer

Ryan's answer is the most appropriate as developed countries have been increasing their focus on clean energy technologies, such as wind and solar power, which enable growth in energy consumption without necessarily increasing carbon emissions. The other options (increased use of natural gas and nuclear energy and increased focus on conventional thermal energy sources) do not fully account for the continued growth in energy consumption while also addressing the need for reduced carbon emissions.

Question 16

Which of the following companies is most likely gravitating toward short-termism?

Accepted Answer

Widget Corp. selling its shares in a publicly traded forum to boost profitability suggests a focus on short-term gains for shareholders rather than long-term sustainability or stakeholder considerations.

Question 17

The energy industry of Zaneland,with the support of the government,has set a goal to replace the conventional sources of energy,such as coal,oil,and natural gas with renewable and inexhaustible energy sources,such as solar energy and hydropower,in the next 20 years.It is evident that the energy industry of Zaneland has set a goal to create a _____.

Accepted Answer

The goal to replace conventional sources of energy with renewable and inexhaustible sources indicates a focus on creating a clean economy, which aims to reduce environmental harm and promote sustainability. Decentralized economy refers to a model in which economic power is distributed among various stakeholders, whereas global/transnational governance implies a focus on international cooperation and regulation.

Question 18

Keyton Tech,an information technology company,reduces its expenditure on research and development by a considerable amount because of the increasing pressure from its investors to increase profitability.From the given information,it is evident that Keyton Tech is gravitating toward _____.

Accepted Answer

Keyton Tech's decision to reduce expenditure on research and development in order to increase profitability indicates a prioritization of short-term goals and profits over long-term sustainable development. This behavior is consistent with the concept of short-termism, which focuses on short-term gains and immediate financial returns rather than long-term growth and sustainability.

Question 19

Kidjois,a plastic toy manufacturing company in Belwick,uses bioplastic instead of fossil-fuel plastic to manufacture toys.Because of the use of bioplastic,the manufacturing plant of the company emits considerably less amount of greenhouse gases.In this scenario,it can be said that Kidjois is an advocate of _____.

Accepted Answer

Kidjois is promoting sustainability through its use of bioplastic, which reduces greenhouse gas emissions.

Question 20

MynTech,a coal mining company,recently faced downtime because of equipment failure.Because of the failure,the company lost 3 days' worth of mining effort.It can be said that the company's ability to produce coal was limited by _____.

Accepted Answer

The company's ability to produce coal was limited by resource constraints, specifically by the failure of equipment necessary for coal mining. Renewable energy sources, value constraints, and nonconventional energy sources are not relevant to the situation described.

Quiz 9: Sustainability