Question 1

Sustainability is often associated with corporate social responsibility.

Accepted Answer

Sustainability and corporate social responsibility are commonly linked concepts. Companies with a strong commitment to sustainability typically demonstrate responsible practices related to their environmental impact, social and labor practices, and ethical standards. Thus, sustainability practices often fall under the umbrella of corporate social responsibility.

Question 2

Corporate social responsibility involves managerial decision making that considers what three impacts?

Accepted Answer

environmental,societal,and financial

Question 3

A measure of the total greenhouse gas emissions caused directly or indirectly by an organization,a product,an event,or a person is the nitrogen footprint.

Accepted Answer

The correct measure for total greenhouse gas emissions caused directly or indirectly by an organization, product, event, or person is the carbon footprint, not nitrogen footprint. The nitrogen footprint measures the amount of reactive nitrogen released into the environment.

Question 4

Economic sustainability means appropriately allocating scarce resources to make a profit.

Accepted Answer

The answer of Economic sustainability means appropriately allocating scarce resources...

Question 5

Dow Chemical finding both profit and social benefits in canola and sunflower seeds is an example of the concept of ________.

Accepted Answer

The answer of Dow Chemical finding both profit and social...

Question 6

Three concepts that have proven helpful as managers consider sustainability are: ________,________,________.

Accepted Answer

The answer of Three concepts that have proven helpful as...

Question 7

Social and environmental sustainability do not exist without economic sustainability.

Accepted Answer

Economic sustainability refers to the ability of an economy to support a defined level of economic production indefinitely. Social and environmental sustainability rely on economic sustainability because without a strong economy, it is difficult to finance and implement sustainable practices and initiatives. Therefore, economic sustainability is a fundamental foundation for achieving social and environmental sustainability.

Question 8

What does CSR stand for?

Accepted Answer

CSR stands for Corporate Social Responsibility, which refers to a company's responsibility to have a positive impact on society and the environment, beyond merely making profits for shareholders.

Question 9

What refers to looking at a product's life from design to disposal,including all the resources required?

Accepted Answer

A systems view refers to considering the entire life cycle of a product from design to disposal, including the resources required. This approach takes into account the interactions and interdependencies among various parts of the system, including social, environmental, and economic factors. The other options listed are related but not specifically focused on the entire life cycle of a product. The commons refers to shared resources such as air and water, the triple bottom line focuses on measuring social, environmental, and economic impacts, shared value refers to creating economic benefits while also addressing social and environmental issues, and carbon footprint specifically measures the amount of greenhouse gases that are emitted as a result of a product or activity.

Question 10

Meeting the needs of the present without compromising the ability of future generations to meet their needs is known as corporate social responsibility.

Accepted Answer

Meeting the needs of the present without compromising the ability of future generations to meet their needs is defined as sustainable development, not corporate social responsibility.

Question 11

What refers to meeting the needs of the present without compromising the ability of future generations to meet their needs?

Accepted Answer

Sustainability refers to meeting the needs of the present without compromising the ability of future generations to meet their needs. Corporate social responsibility, economic sustainability, carbon footprint, and closed-loop supply chains are all related concepts, but do not capture the full meaning of sustainability.

Question 12

Those resources held in the common are often misallocated.

Accepted Answer

The tragedy of the commons theory suggests that when resources are held in the common, individuals have no incentive to conserve or protect them, leading to overuse and misallocation.

Question 13

Companies that practice ________ introduce policies that consider environmental,societal,and financial impacts in their decision making.

Accepted Answer

The answer of Companies that practice ________ introduce policies that...

Question 14

Managerial decision making that considers environmental,societal,and financial impacts is known as sustainability.

Accepted Answer

The answer of Managerial decision making that considers environmental,societal,and financial...

Question 15

Which of the following refers to developing policies and practices that enhance the competiveness of an organization while advancing the economic and social conditions of the community in which it operates?

Accepted Answer

The answer of Which of the following refers to developing...

Question 16

Corporate social responsibility involves managerial decision making that considers what three impacts?

Accepted Answer

Corporate social responsibility involves managerial decision making that considers the impact of the company's actions on the environment, society, and financial performance. Therefore, the best choice is E - environmental, societal, and financial.

Question 17

Internet-based technologies today allow consumers,communities,public interest groups,and regulators to be well informed about an organization's performance.

Accepted Answer

With the help of internet-based technologies, stakeholders can easily access information about an organization's performance and make informed decisions. This has increased transparency and accountability in modern organizations.

Question 18

Firms that do not consider the impact of their decisions on all of their stakeholders see reduced sales and profits.

Accepted Answer

Firms that only prioritize the interests of their shareholders and neglect the impact on other stakeholders such as customers, employees, and the environment may face negative consequences, such as reduced sales, loss of trust, and reputational damage. On the other hand, companies that take all stakeholders into account and implement ethical and socially responsible practices may see long-term benefits, including increased sales and profits.

Question 19

Many firms approach corporate social responsibility through the concept of "shared value." What is meant by "shared value"?

Accepted Answer

The answer of Many firms approach corporate social responsibility through...

Question 20

________ technologies today allow consumers,communities,public interest groups,and regulators to be well informed about an organization's performance.

Accepted Answer

The answer of ________ technologies today allow consumers,communities,public interest groups,and...

Quiz 18: Sustainability in the Supply Chain

Sustainability is often associated with corporate social responsibility.

Corporate social responsibility involves managerial decision making that considers what three impacts?

A measure of the total greenhouse gas emissions caused directly or indirectly by an organization,a product,an event,or a person is the nitrogen footprint.

Economic sustainability means appropriately allocating scarce resources to make a profit.

Dow Chemical finding both profit and social benefits in canola and sunflower seeds is an example of the concept of ________.

Three concepts that have proven helpful as managers consider sustainability are: ,,.

Social and environmental sustainability do not exist without economic sustainability.

What does CSR stand for?

What refers to looking at a product's life from design to disposal,including all the resources required?

Meeting the needs of the present without compromising the ability of future generations to meet their needs is known as corporate social responsibility.

What refers to meeting the needs of the present without compromising the ability of future generations to meet their needs?

Those resources held in the common are often misallocated.

Companies that practice ________ introduce policies that consider environmental,societal,and financial impacts in their decision making.

Managerial decision making that considers environmental,societal,and financial impacts is known as sustainability.

Which of the following refers to developing policies and practices that enhance the competiveness of an organization while advancing the economic and social conditions of the community in which it operates?

Corporate social responsibility involves managerial decision making that considers what three impacts?

Internet-based technologies today allow consumers,communities,public interest groups,and regulators to be well informed about an organization's performance.

Firms that do not consider the impact of their decisions on all of their stakeholders see reduced sales and profits.

Many firms approach corporate social responsibility through the concept of "shared value." What is meant by "shared value"?

________ technologies today allow consumers,communities,public interest groups,and regulators to be well informed about an organization's performance.