Question 1

Before environmental legislation was enacted, the primary legal avenue open for addressing environmental concerns was _____ law.

Accepted Answer

tort
Explanation: Much of the most signi...

Question 2

Before environmental legislation was enacted, the primary legal avenue open for addressing environmental concerns was:

Accepted Answer

A)  tort law.
B)  international law.
C)  public law.
D)  criminal law.

Question 3

Which of the following holds that a business should be responsible for incorporating the end results of its products back into the productive cycle?

Accepted Answer

A)  Backcasting
B)  Cradle-to-cradle
C)  Take-make-waste
D)  Cradle-to-grave

Question 4

Which of the following is true about the concept of sustainable development and sustainable business practice?

Accepted Answer

A)  It suggests a radically new vision for integrating financial and environmental goals, compared to the growth model that preceded it.
B)  According to this concept, only individuals who can prove that they had been harmed by pollution can raise legal challenges.
C)  According to this concept, an economic solution to compensation should be offered for the harm only after the harm has been done.
D)  It focuses only on the costs that businesses incur in pursuing environmental goals. A

Question 5

According to the _____ law of thermodynamics (the conservation of matter/energy) , neither matter nor energy can truly be "created," it can only be transferred from one form to another.

Accepted Answer

A)  first
B)  second
C)  third
D)  fourth

Question 6

The possibility that the economy cannot grow indefinitely is simply not part of the:

Accepted Answer

A)  three pillars of sustainability approach.
B)  circular flow model.
C)  triple bottom line approach.
D)  bilinear model.

Question 7

Which of the following was suggested by William Baxter?

Accepted Answer

A)  An optimal level of pollution can be achieved through competitive markets.
B)  Society can strive for pure air and water at a very low cost.
C)  From a strict market economic perspective, resources are infinite.
D)  All resources can be replaced by substitutes.

Question 8

Which of the following is true of the conservation movement?

Accepted Answer

A)  It advocated that the natural world should not be used as a capital resource.
B)  It regarded natural resources as being able to provide an inexhaustible supply of material.
C)  It recommended a more restrained and prudent approach to the natural world.
D)  It argued against the natural world being used to provide indirect benefits.

Question 9

What do defenders of the market approach to environmental responsibilities state about the ability of economic markets to achieve a sound environmental policy? Discuss if their responses are environmentally adequate.

Accepted Answer

Defenders of a narrow economic view of c...

Question 10

Which of the following would hold a business liable for groundwater contamination caused by its products even years after they had been buried in a landfill?

Accepted Answer

A)  "Backcast" model
B)  "Eco-efficiency" model
C)  "Take-make-waste" model
D)  "Cradle-to-grave" model D

Question 11

The _____ model does not differentiate natural resources from the other factors of production.

Accepted Answer

circular flow
Explanation: The...

Question 12

Businesses that use animals for food, entertainment, or pets violate the ethical rights of these animals.

Accepted Answer

A) True 
 B)False  True

Question 13

A _____ economy interprets consumer demand as a demand for services-for clothes cleaning, floor covering, illumination, entertainment, cool air, transportation, word processing, and so forth.

Accepted Answer

service-based
Explanation: A service-bas...

Question 14

According to the conservation movement, the natural world was valued as a resource, providing humans with both direct and indirect benefits.

Accepted Answer

A) True 
 B)False

Question 15

The market-based approach to resolving environmental challenges denies that environmental problems are economic problems that deserve economic solutions.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following models does not differentiate natural resources from the other factors of production and does not explain the origin of resources?

Accepted Answer

A)  The circular flow model
B)  The triple bottom line model
C)  The bilinear model
D)  The sustainability model

Question 17

Which of the following ways can lead market failure to serious environmental harm?

Accepted Answer

A)  Creating abundant markets to create a price for important social goods
B)  Making no distinction between individual decisions and group consequences
C)  Inexistence of externalities in the economic exchange system
D)  Assigning property rights to unowned goods

Question 18

From a strict market economic perspective, resources are "finite," and have to be used efficiently to gain maximum economic benefits.

Accepted Answer

A) True 
 B)False

Question 19

In economic terms, all resources:

Accepted Answer

A)  are infinite because they can be replaced by substitutes.
B)  are distributed fairly by the government.
C)  can be made available everywhere.
D)  are distributed efficiently in the market.

Question 20

What is an optimal level of pollution?

Accepted Answer

In his well-known book, People or Pengui...

Exam 9: Business and Environmental Sustainability

Before environmental legislation was enacted, the primary legal avenue open for addressing environmental concerns was _____ law.

Correct AnswerverifiedtortExplanation: Much of the most signi...View AnswerShow Answer

Before environmental legislation was enacted, the primary legal avenue open for addressing environmental concerns was:

Correct AnswerverifiedShow Answer

Which of the following holds that a business should be responsible for incorporating the end results of its products back into the productive cycle?

Correct AnswerverifiedShow Answer

Which of the following is true about the concept of sustainable development and sustainable business practice?

Correct AnswerverifiedA

According to the _____ law of thermodynamics (the conservation of matter/energy) , neither matter nor energy can truly be "created," it can only be transferred from one form to another.

Correct AnswerverifiedShow Answer

The possibility that the economy cannot grow indefinitely is simply not part of the:

Correct AnswerverifiedShow Answer

Which of the following was suggested by William Baxter?

Correct AnswerverifiedShow Answer

Which of the following is true of the conservation movement?

Correct AnswerverifiedShow Answer

What do defenders of the market approach to environmental responsibilities state about the ability of economic markets to achieve a sound environmental policy? Discuss if their responses are environmentally adequate.

Correct AnswerverifiedDefenders of a narrow economic view of c...View AnswerShow Answer

Which of the following would hold a business liable for groundwater contamination caused by its products even years after they had been buried in a landfill?

Correct AnswerverifiedD

The _____ model does not differentiate natural resources from the other factors of production.

Correct Answerverifiedcircular flowExplanation: The...View AnswerShow Answer

Businesses that use animals for food, entertainment, or pets violate the ethical rights of these animals.

Correct AnswerverifiedTrue

A _____ economy interprets consumer demand as a demand for services-for clothes cleaning, floor covering, illumination, entertainment, cool air, transportation, word processing, and so forth.

Correct Answerverifiedservice-basedExplanation: A service-bas...View AnswerShow Answer

According to the conservation movement, the natural world was valued as a resource, providing humans with both direct and indirect benefits.

Correct AnswerverifiedShow Answer

The market-based approach to resolving environmental challenges denies that environmental problems are economic problems that deserve economic solutions.

Correct AnswerverifiedShow Answer

Which of the following models does not differentiate natural resources from the other factors of production and does not explain the origin of resources?

Correct AnswerverifiedShow Answer

Which of the following ways can lead market failure to serious environmental harm?

Correct AnswerverifiedShow Answer

From a strict market economic perspective, resources are "finite," and have to be used efficiently to gain maximum economic benefits.

Correct AnswerverifiedShow Answer

In economic terms, all resources:

Correct AnswerverifiedShow Answer

What is an optimal level of pollution?

Correct AnswerverifiedIn his well-known book, People or Pengui...View AnswerShow Answer

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tort
Explanation: Much of the most signi...
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A

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Defenders of a narrow economic view of c...
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D

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circular flow
Explanation: The...
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True

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service-based
Explanation: A service-bas...
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In his well-known book, People or Pengui...
View Answer