tamu business 101 semester final exam questions wi
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TAMU Business 101 Semester Final Exam
What is ESG? - ANS-Environmental, Social, Governance
What are four other terms for ESG? - ANS-Sustainability
Corporate Social Responsibility
Triple Bottom Line
People, planet, profit
Did you read over "Five Ways that ESG Creates Value" article? - ANS-Hopefully, yes.
What can a strong ESG proposition do for a company? - ANS-Create value.
What does the E in ESG stand for? - ANS-Environmental Criteria
What is environmental criteria? - ANS-- The energy your company takes in and the
waste it discharges
- The resources it needs, and the consequences for living beings as a result
- It encompasses carbon emissions and climate change. Every company uses energy
and resources; every company affects and is affected by the environment.
What does the S in ESG stand for? - ANS-Social Criteria
What is social criteria? - ANS-The reputation your company has in the communities in
which it does business. It includes labor relations and diversity and inclusion. Every
company operates within a broader diverse society.
What does the G in ESG stand for? - ANS-Governance
What is governance? - ANS-The internal system of practices, controls, and procedures
your company adopts in order to govern itself, make effective decisions, comply with the
law, and meet the needs of external stakeholders. Every company which is itself a legal
creation requires governance
What does SDG stand for? - ANS-Sustainable Development Goals
What are SDG's and who sets them? - ANS-17 goals set by the United Nations.
, No poverty, zero hunger, good health and wellbeing, quality education, gender equality,
clean water and sanitation, affordable and clean energy, decent work and economic
growth, industry/innovation/and infrastructure, reduced inequalities, sustainable cities
and communities, responsible consumption and production, climate action, life below
water, life on land, peace/justice/strong institutions, partnerships for the goals
What is the difference between a stakeholder and a stockholder? - ANS-A stakeholder
includes everyone: investors, employees, executives, customers, and suppliers. Anyone
who has an interest in the success of the company.
A stockholder is only an investor: someone who has capital in the company.
What is the role of business? - ANS-To maximize the value of a firm to its owners.
How does ESG adjust the focus of the role of business? - ANS-It adds value or takes it
away from the company.
What is the functional definition of critical thinking? - ANS-The objective analysis and
evaluation of data to form a judgment
What does judgement have that opinion doesn't? - ANS-Judgement has data, evidence,
and verified facts.
What are the four steps of critical thinking? - ANS-- organize information
- define the problem
- analyze data
- construct arguments that address the problem
What are some examples of organizing information for critical thinking? - ANS-- identify
the data you have
- read and interpret the data you have
- consider how to categorize or classify the data
- consider what data you might be missing or what additional information you need to
come to a solid conclusion
How should you define the problem? - ANS-- The problem, questions, or opportunity is
the starting point for building an argument in support of a point of view or a course of
action
- Clarify what is being asked or what needs to be solved
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