BUS 240 Chapter 1 Business Ethics and Sustainability

BUS 240 Chapter 1 Business Ethics and Sustainability

University

15 Qs

quiz-placeholder

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BUS 240 Chapter 1 Business Ethics and Sustainability

BUS 240 Chapter 1 Business Ethics and Sustainability

Assessment

Quiz

Business

University

Easy

Created by

Leigh Cox

Used 9+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the phrase 'tragedy of the commons' mean?

Overuse of shared resources

A successful business strategy

A type of economic model

A form of government regulation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who coined the phrase 'tragedy of the commons'?

Adam Smith

Garrett Hardin

John Locke

Karl Marx

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it in the best interest of business to be sustainability minded?

To increase short-term profits

To ensure long-term viability

To avoid taxes

To reduce employee turnover.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to have some regulations in place for business?

To limit competition

To protect consumers and the environment

To increase bureaucracy

To reduce innovation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Would it be advisable to have a completely deregulated business environment? Why or why not?

Yes, it encourages innovation

No, it can lead to exploitation

Yes, it reduces costs

No, it increases competition

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Describe what a carbon footprint is and why it is important to business and ethics.

A measure of carbon emissions

A type of business strategy

A government policy

A financial metric

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The 'tragedy of the commons' refers to the _______ of shared resources.

conservation

overuse

privatization

regulation

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