SBD Week 6 QUIZ

What are the three components of sustainability?

• A) Environment, Society, Economics

• B) Environment, Technology, Economics

• C) Society, Technology, Environment

• D) Economics, Politics, Society

What are the fundamental drivers of modern organizations according to the overview?

• Technology and innovation

• Leadership and management

• Customer satisfaction and loyalty

• Financial performance and growth

Innovation contributes to the business landscape by:

• driving growth and competitiveness

• hindering progress

• maintaining the status quo

• reducing market opportunities

Innovation in the context of business refers to:

• Creating new products or services

• Improving existing processes

• Entering new markets

• All of the above

Sustainable innovation is:

• A process of creating new products or services that have a positive environmental and social impact.

• A method of increasing profits without considering environmental impact.

• A strategy focused solely on reducing costs.

• A way to innovate without any regard for sustainability.

How does sustainable innovation differ from traditional innovation?

• Sustainable innovation focuses on long-term environmental and social benefits, while traditional innovation focuses on short-term economic gains.

• Sustainable innovation is only concerned with profit, while traditional innovation considers environmental impacts.

• Sustainable innovation and traditional innovation are the same, with no differences.

• Sustainable innovation ignores social aspects, while traditional innovation includes them.

What is an example of sustainable innovation mentioned in the infographic?

• Solar panels on rooftops

• Electric cars

• Recycling programs

• All of the above

Resource Efficiency in the context of sustainable products means:

• Maximizing the use of resources to achieve the best possible outcome with minimal waste.

• Using as many resources as possible to ensure product quality.

• Focusing on the cost of resources rather than their environmental impact.

• Ignoring resource usage to prioritize product functionality.

What role does Environmental Labeling play in sustainable innovations?

• It helps consumers identify eco-friendly products.

• It increases the cost of production.

• It has no impact on sustainability.

• It is only used for marketing purposes.

Explain how Bio-bean contributes to a circular economy.

• By recycling coffee grounds into biofuels and biochemicals

• By producing single-use plastic products

• By increasing landfill waste

• By using fossil fuels for energy