Chapter 28: Ethical and Environmental Issues (IGCSE Business)

What is the price a business has to pay because of a business activity?

• Private costs

• External costs

• External benefits

• Social costs

What is the gain of a business from a business activity?

• Private benefit

• External benefits

• Social benefits

• External costs

What are the costs paid for by the rest of society because of a business activity?

• Private costs

• Social costs

• Private benefit

• External costs

What are the gains to the rest of society from a business activity?

• Social benefits

• Private benefit

• Private costs

• External benefits

What is the sum of external costs and private costs?

• Social costs

• External benefits

• Private benefit

• External costs

What is the sum of external benefits and private benefits?

• Social benefits

• External costs

• Private benefit

• Private costs

What is development that does not put the living standards of future generations of people at risk?

• Renewable energy

• Use fewer resources

• Sustainable development

• Recycle waste

What is trying to achieve economic growth without damaging the environment or society?

• Sustainable development

• Renewable energy

• Use fewer resources

• Recycle waste

Which of the following is a form of renewable energy?

• Lean production

• Solar panels

• Biodegradable packaging

• Pollution permits

What is re-using water and other products called?

• Recycle waste

• Use renewable energy

• Develop new environmentally friendly products

• Pressure groups