Question 1

The power of the U.S.Government to take property from a private individual and use it for public purposes is:

Accepted Answer

The power of the U.S. Government to take property from a private individual and use it for public purposes is known as eminent domain. This power is derived from the Fifth Amendment of the U.S. Constitution, which states that private property cannot be taken for public use without just compensation. This power is often exercised by the government for the construction or expansion of highways, public buildings, and other infrastructure projects.

Question 2

Discuss your thoughts on whether corporate social responsibility (CSR)should include an environmental component and how firms could capitalize on an environmental mission.

Accepted Answer

Corporate social responsibility (CSR) should definitely include an environmental component. As businesses have a significant impact on the environment, it is crucial for them to take responsibility for their environmental footprint. This includes reducing carbon emissions, minimizing waste, conserving natural resources, and supporting environmental conservation efforts.

Firms can capitalize on an environmental mission in several ways. Firstly, by incorporating sustainable practices into their operations, they can reduce costs and improve efficiency. This can include investing in renewable energy sources, implementing recycling programs, and reducing water usage. Not only does this benefit the environment, but it also enhances the company's reputation and can attract environmentally conscious consumers.

Additionally, firms can leverage their environmental initiatives as a marketing tool. By promoting their commitment to sustainability, they can differentiate themselves from competitors and appeal to a growing market of environmentally conscious consumers. This can lead to increased brand loyalty and customer satisfaction.

Furthermore, companies can also benefit from government incentives and tax breaks for implementing environmentally friendly practices. By aligning with environmental regulations and standards, firms can not only reduce their environmental impact but also save on costs and improve their bottom line.

In conclusion, incorporating an environmental component into corporate social responsibility is not only ethical but also beneficial for businesses. By embracing sustainability, firms can reduce costs, attract customers, and improve their overall reputation, while also making a positive impact on the environment.

Question 3

The Kyoto Protocol is an international treaty to reduce greenhouse admissions,signed by over 200 countries.The United States is one of those countries.

Accepted Answer

The United States signed the Kyoto Protocol but did not ratify it, so it is not bound by its commitments.

Question 4

Which piece of legislation was passed first?

Accepted Answer

The Clean Air Act was passed in 1963, marking the first major federal environmental law in the United States. The Clean Water Act followed in 1972, the Resource Conservation and Recovery Act in 1976, and the Comprehensive Environmental Response, Compensation, and Liability Act in 1980.

Question 5

Discuss how global warming unites national security issues and religion.

Accepted Answer

The answer of Discuss how global warming unites national security...

Question 6

According to MIT professor Layzer,the lobbyists for the energy corporations have used which of the following tactics to avoid stricter regulation?
I.Portray the science of global warming as uncertain and debatable
II.Focus on the financial costs of regulation
III.Provide Senators and Representatives with financial incentives to vote against regulation
IV.Portray the environmentalists as extremists and a vocal minority.

Accepted Answer

According to the sentence, the lobbyists for energy corporations have used the tactics of portraying the science of global warming as uncertain and debatable, focusing on the financial costs of regulation, and portraying environmentalists as extremists and a vocal minority. Financial incentives to vote against regulation are not mentioned in the sentence. Therefore, options A and C are eliminated. The correct answer is D, as it includes all the tactics mentioned in the sentence.

Question 7

When environmentalists recognized that politicians were not going to pass stricter legislation and regulations,they changed their tactics to force change.According to the Layzer article in the chapter,these new tactics included:
I.Eco-terrorism - bombing pipelines and factories.
II.Collaboration with businesses - create partnerships to improve environmental impacts.
III.Public relations campaigns - go public with their accusations and encourage consumers to demand change.
IV.Work internally through shareholders to try to change corporate disclosures.

Accepted Answer

The Layzer article in the chapter mentions that environmentalists changed their tactics to force change when politicians were not passing stricter legislation and regulations. The article mentions tactics such as collaboration with businesses to improve environmental impacts, public relations campaigns to go public with their accusations and encourage consumers to demand change, and working internally through shareholders to try to change corporate disclosures. However, the article does not mention eco-terrorism as one of these new tactics, so options I and II can be eliminated. Therefore, the best choice is D, which includes the three tactics mentioned in the article.

Question 8

Many religious sects have an environmental ethic and could unite to influence political change.

Accepted Answer

Many religious sects, such as Buddhism, Christianity, Islam, and Hinduism, have teachings and principles that promote environmental stewardship and conservation. These teachings could act as a unifying force among different religious groups to advocate for political change that supports environmental protection.

Question 9

Describe the "proxy system" and how is it used to as activism to encourage companies to "go green."

Accepted Answer

The answer of Describe the "proxy system" and how is...

Question 10

Today,shareholder activism within corporations continues to grow.

Accepted Answer

Shareholder activism is indeed on the rise, as shareholders are increasingly using their influence as owners to push for changes in corporate policies or practices. This can take many forms, including voting against board members, advocating for environmental or social responsibility, or calling for greater transparency and accountability. As such, companies are facing greater pressure to address the concerns and interests of their shareholders, which is driving a shift towards more sustainable and responsible business practices.

Question 11

According to law professor Thomas Joo,the best group of persons for addressing the environmental concerns facing the world today is:

Accepted Answer

The answer of According to law professor Thomas Joo,the best...

Question 12

The Fifth Amendment to the Constitution explicitly protects private property owners' economic interests.Explain how this amendment affects owners of private property.

Accepted Answer

The answer of The Fifth Amendment to the Constitution explicitly...

Question 13

Under the ___________ plan,the EPA auctions a set number of sulfur dioxide emission allowances annually,with each allowance permitting one ton of emissions.

Accepted Answer

The tradeable permit plan, also known as the cap-and-trade system, is a market-based approach to reducing pollution. In this plan, the government sets a limit (or cap) on the total amount of a pollutant that can be emitted and then distributes or auctions a set number of permits that allow for a certain level of emissions. Companies can then buy or sell these permits on the open market, creating a financial incentive to reduce their emissions and encouraging companies with lower emissions to sell unused permits to those who emit more. The EPA's sulfur dioxide emission allowance plan is a well-known example of this approach.

Question 14

The power of eminent domain requires the government to provide just compensation to a property owner when taking private property for public purposes.Discuss your thoughts on whether the following should be considered "public purposes." 
a.The government taking private property to transfer to a private company for development of a strip mall.
b.The government taking private property to build a highway.
c.The government taking private property to expand an airport.

Accepted Answer

The answer of The power of eminent domain requires the...

Question 15

Shareholder activism includes which of the following?

Accepted Answer

Shareholder activism involves various strategies and actions to influence corporate decision-making. The proxy system allows shareholders to vote on resolutions and elect board members. Recommendations with moral authority refer to advocacy efforts by activist shareholders to persuade other shareholders to support their proposals. Preliminary management resistance occurs when the management attempts to refute or defeat activist proposals. Therefore, all of the above are examples of shareholder activism.

Question 16

Explain how the tradeable permit plan works.

Accepted Answer

The answer of Explain how the tradeable permit plan works....

Quiz 6: Global Climate Change: Responsibility and Survival