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BUSI 3250 Ch 4 Exam Questions with Correct Answers
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BUSI 3250 Ch 4 Exam Questions with Correct Answers
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BUSI 3250 Ch 4 Exam Questions withCorrect Answers
Sustainability - Answer-goes beyond doing what’s right for the planet or complying with
government regulations; important part of business model
environmental sustainability - Answer-long-term approach; state in which the demands
placed upon the environment by people and commerce can be met without reducing the
capacity of the environment to provide for future generations
Brundtland Commission - Answer-Development that meets the needs of the present
without compromising the ability of future generations to meet their own needs.
-want to benefit not just do the bare minimum of not harming
Life Cycle Assessment - Answer--an evaluation of the environmental effects of a
product or service throughout its life cycle
-asses cumulative impact of product
-can lead to reductions of environmental footprint, cost structure, and potential
carcinogens in inputs, processes, and wastes
Product Stewardship - Answer-shows companies accepting responsibility for impact of
their activities
Cradle to Cradle Design - Answer--Suggests that products and services should be
designed to completely close the production loop, so that all resources needed to
produce them are recycled and reused rather than discarded or left to pollute.
-Identifies two components:
Technical nutrients
Biological nutrients
why is it challenging to measure how successfully a business is practicing
sustainability? - Answer-self report is an issue: businesses need to be able to own up to
what they're doing that could be wrong
united nations global compact - Answer-A voluntary reporting scheme for businesses
that covers critical areas affecting the conduct of international business—human rights,
labor, the environment, and anticorruption efforts
-want ethical and safe environment
-can assume universal standards which can be dangerous
Global Reporting Initiative (GRI) - Answer-Sustainability reporting framework developed
among stakeholders
stakeholders include - Answer-Customers
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