Intro. Business Chapter 4 – Flashcards
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Businesses can best meet their responsibility to society by: A. creating markets for domestic products. B. shifting the blame for product liability cases onto the legal system. C. supporting their preferred government officials. D. creating wealth for their stockholders.
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Creating wealth for their stockholders
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Ethical problems and issues of social responsibility are: A. unique to firms involved in global trade. B. unique to Canada. C. not unique to Canada. D. less important now than in the past.
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not unique to canada
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Top leaders in government and business today are: A. held to higher ethical standards than in the past. B. held to less strict moral standards than in the past. C. less interested in social responsibility than in the past. D. at odds with the general public in regard to ethical issues.
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held to higher ethical standards than the past
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Issues of social responsibility and ethical behaviour are: A. the result of greed found in capitalist countries. B. found primarily in countries with a low standard of living. C. a concern only of business professors. D. found in many different countries.
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found in many different countries
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All of the following are arguments in favor of social responsibility except A. businesses created many of the problems, so they should participate in finding solutions. B. businesses may lose their focus on profit-making. C. businesses that are socially responsible prevent more government regulation. D. the survival of a healthy economy depends on businesses being socially responsible. E. as members of society, businesses should do their fair share.
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Business may lose their focus on profit marking
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Which of the following is NOT a reason why Great Britain and Europe, during the mid-to-late 1700's, began the shift from one of a largely agricultural-based dependent society to that of a market transitioning towards a production-based model: A. population growth B. increase in trade and inventiveness C. environmental stewardship D. growing emphasis on wealth creation E. mercantilism backed by the rise of business systems
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Environmental stewardship
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What was a key factor in why Canadians use so much water, according to The Conference Board of Canada study? A. industrial usage B. agricultural usage C. a lack of water conservation practices D. deficient distribution system E. deficient water infrastructure system
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a lack of water conservation practices
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Which of the following is NOT a goal of sustainable business strategy? A. design and redesign business processes B. allow for increased wealth and enhanced competitive advantage C. incorporate the principles of human mankind D. incorporate resource protection and sustainability for the future E. incorporate protection and respect for water resources
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incorporate protection and respect for water resources
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According to statistics released by the Conference Board of Canada (2008), our country ranks 15th out of 16 (with 1 being the best) peer countries in terms of _________. A. environmental stewardship B. regulatory environmental compliance C. water conservation D. energy conservation E. deforestation
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Water conservation
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Which of the following is NOT a successful economic development ratings that goes beyond production and consumption indices and include additional measures? A. protection of our biosphere B. sustainable use of global resources C. production-based productivity indexes D. energy conservation E. environmental restoration
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Production based productivity indexes
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What was a key factor in why Canadians use so much water, according to The Conference Board of Canada study? A. industrial usage B. agricultural usage C. a lack of water conservation practices D. deficient distribution system E. deficient water infrastructure system
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A lack of water conversation practices
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What is The United Nations' (U.N.) current estimate for the population growth of our planet in 2050? A. 25% B. 50% C. 30% D. 36% E. 40%
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36%
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What is The United Nations' (U.N.) current estimate for the population of our planet in 2050? A. 6.8 billion B. 8.2 billion C. 9.2 billion D. 10.8 billion E. 15 billion
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9.2 billion
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What percentage cuts to carbon-based emissions are needed to significantly reverse the downward spiral associated with climate change? A. 25% B. 50% C. 75% D. 10% E. 100%
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50%
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Which of the following is NOT one of the five critical sustainability challenges? A. climate change B. pollution and health C. water depletion D. energy crunch E. resource depletion
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Water depletion
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According to the World Health Organization (WHO), approximately how many people live in areas which do not have access to clean and safe drinking water? A. 3.1 billion B. 2.1 billion C. 1.1 billion D. 0.5 billion E. 3.6 billion
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1.1 billion
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When working with international firms, Canadian businesses: A. tend to ignore the ethics of their international partners. B. expect socially responsible behaviour from their business partners. C. feel that their responsibility is limited to Canada. D. try to avoid judging our international business partners by Canadian standards.
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expect socially responsible behavior from their business partners
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Which of the following is NOT a critical trading practice that global market participants must agree to in order to achieve environmental sustainability? A. pay for the social costs of environmental degradation B.support and accept pricing policies which reflect the full cost of expenses incurred in order to achieve environmental sustainability C block the ability of market players from obtaining and leveraging a competitive advantage as a result of . effortstoavoidenvironmentalcosts D. a), b) and c) E. None of the above
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D) a,b, and c
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Which of the following is NOT one of the fundamental shifts in the thought process associated with waste according to The Resource Management model? A. resources are finite B. Waste disposal is an unavoidable cost C. resource efficiency can lead to lower overall costs in the long run D. Investments in reduce, reuse, recycle and recovery initiatives are yielding long-term cost savings E societal pressure, such as a company's waste reduction and waste prevention strategies, is becoming . closely linked to company image and brand reputation
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Waste disposal is an unavoidable cost
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Emissions Management is focused on our ability, across the globe, to achieve a position of ________. A. phase out of hazardous inputs B. zero global emissions C. attacking pollution at the source D. cut carbon-based emissions E. environmental sustainability
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zero global emissions
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Which of the following groups need NOT be involved to redefine the way in which we can achieve the required economic development which will result in an improvement in the standard of living for all global citizens while, at the same time, protect the planet which we call home? A. governments B. organizations C. businesses D. individuals E. None of the above
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E. none of the above
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________ refers to the tactical shifts required within our business operations in order to maximize the efficiency of our resource utilization and minimize or eliminate the resulting current degradation to the planet which such operations bring. A. Environmental sustainability standards B. Eco-Efficiency management C. Environmental sustainability challenge D. Resource management E. Emissions management
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Eco-efficiency management
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All else held equal, socially responsible firms: A. are viewed more favourably by consumers. B. enjoy significantly higher profits. C. often experience customer loyalty problems. D. fail to earn sufficient profits for their owners.
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Are viewed favorably by costumer
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Determining what is involved for a firm to be socially responsible: A. is easy. B. varies even among those who are interested in corporate responsibility. C. helps government officials develop appropriate legislation. D. varies from industry to industry.
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Varies even among those who are interested in corporate responsibility
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Corporate ___________ is the concern businesses have for the welfare of society. A. philanthropy B. responsibility C. policy D. social responsibility
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Social responsibility
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In addressing social responsibility, managers must consider their firms' relations with A. employees. B. owners. C. customers. D. the community. E. all of the answers are correct.
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All of the answers are correct
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Managers consider social responsibility A. on a weekly basis. B. on a daily basis. C. at annual planning meetings. D. during budget planning sessions. E. infrequently.
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On a daily basis
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A business's responsibilities to its owners and investors include A. protecting the owners' rights and investments. B. maintaining proper accounting procedures. C. providing all relevant information about current and projected performance of the firm. D. maximizing their investment in the firm. E. all of the answers are correct.
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all of the answers are correct
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___________, often driven by external groups and concerned citizens, has resulted in a greater awareness and understanding of the environmental challenge which we are now facing. A. Regulatory compliance B. Societal pressure C. Eco-management D. Environmental sustainability initiatives E. Environmental responsibilities
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Societal pressure
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Which of the following is NOT one of the long-term benefits that results from the integration of environmental sustainability practices into an organization's A. Pricing power B. Enhanced efficiencies C. Stronger recruitment positioning D. Customer retention E. Stronger employee base
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Stronger recruitment position
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The full emersion of environmental sustainability into the strategic planning process of an organization means integrating it throughout our _____, _______ and __________. A. principles; operations; environment B. culture; practices; processes C. management teams; operations; processes D. culture; operations; processes E. culture; operations; principles
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Culture, Operations, Process
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___________ means that businesses need to see environmental sustainability as an integral part of value creation and that this creation includes sustaining and enhancing the resources which we depend on well into the future. A. Regulatory compliance B. Societal pressure C. Eco-management D. Environmental sustainability initiatives E. Strategic integration
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Strategic integration
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For many businesses, environmental sustainability is focused which two short-term outcomes? A. Pricing power and Enhanced efficiencies B. Stronger recruitment positioning and Customer retention C. Stronger employee base and Strong environmental management D. New business options and Improved Corporate Image E. Improved Corporate Image and Regulatory Compliance
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Improved corporate image and regulatory compliance
