Business, The Environment and Sustainability (Chap 9)

The environmental research and consulting group The Natural Step uses an image of a funnel, with ( ), to help business understand the opportunities available in the age of sustainability.

• one converging line

• three converging lines

• two converging lines

• four converging lines

"Knowing what the future must be, creative businesses then look backwards to the present and determine what must be done to arrive at that future." Which of the following process does it refer?

• backward integration

• backcasting

• forward integration

• forecasting

( ) has been localized to a particular region and has seldom affected more than a generation in the past.

• allocation of limited resources

• Lack of knowledge of producing renewable resources

• distribution of limited resources

• environmental degradation

Contemporary environmental issues have the potential to adversely affect the entire globe and change human life forever.

• True

• False

If the best approach to environmental concerns is to trust them to ( ), then the responsible business manager simply ought to seek profits and allow the market to allocate resources efficiently.

• enlarge market size

• distribute resources

• allocate markets

• efficient markets

If ( ) is a more adequate approach, then business ought to develop a compliance structure in order to insure that it conforms to those regulatory requirements.

• legality

• efficient markets

• government regulation

• market allocation

The free market also provides an answer for resource conservation.  From a ( ) economic perspective, resources are “infinite.”

• loose market

• effective market

• efficient market

• strict market

The regulatory and compliance model tends to interpret environmental responsibilities as constraints upon business.

• True

• False

The sustainability model is less forward-looking and does not present business with greater opportunities than burdens.

• True

• False

Sustainability is a prudent ( ) strategy. Business will need to adopt sustainable practices in order to insure ( ) survival. 

• long-term

• short-term

• temporary

• fix term