The Economic Development Approach suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability.
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Question 2
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According to the conservation movement, the natural world was valued as a resource, providing humans with both direct and indirect benefits.
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Question 3
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The conservation movement advocated a more restrained and prudent approach to the natural world.
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Question 4
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Businesses that use animals for food, entertainment, or pets violate the ethical rights of these animals.
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Question 5
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The market-based approach to resolving environmental challenges denies that environmental problems are economic problems that deserve economic solutions.
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Question 6
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According to William Baxter, the optimal level of pollution is best attained by leaving it to a competitive market.
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Question 7
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From a strict market economic perspective, resources are "finite," and have to be used efficiently to gain maximum economic benefits.
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Question 8
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Standards like Corporate Automotive Fuel Efficiency that address pollution and pollution-related disease are considered essentially because of our reliance on market solutions to sustain the environment.
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Question 9
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Internalizing external costs and assigning property rights to unowned goods are responses to market failures.
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Question 10
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A "first generation" approach is ill advised when public policy involves irreplaceable public goods.
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Question 11
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Before the introduction of environmental legislation in the 1970's, the primary legal avenue open for addressing environmental concerns was contractual law.
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Question 12
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The regulatory model assumes that economic growth is environmentally and ethically benign.
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Question 13
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The goal of competitive sustainability is referred to as one of the three pillars of sustainability.
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Question 14
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The "circular flow model" differentiates natural resources from the other factors of production.
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Question 15
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The ultimate goal of biomimicry is to eliminate waste altogether rather than reducing it.
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Question 16
Multiple Choice
The Triple Bottom Line approach involves measuring business success of sustainable businesses and sustainable economic development in terms of:
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economic, legal, and environmental sustainability.
economic, ethical, and environmental sustainability.
economic, legal, and competitive sustainability.
legal, competitive, and environmental sustainability.
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Question 17
Multiple Choice
Knowing what the future must be, creative businesses then look backwards to the present and determine what must be done to arrive at that future. This process is known as:
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backward integration.
forecasting.
forward integration.
backcasting.
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Question 18
Multiple Choice
Which of the following is true of the conservation movement?
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It advocated that the natural world should not be used as a capital resource.
It regarded natural resources as being able to provide an inexhaustible supply of material.
It recommended a more restrained and prudent approach to the natural world.
It argued against the natural world being used to provide indirect benefits.
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Question 19
Multiple Choice
The conservation movement:
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regarded natural resources as being able to provide an inexhaustible supply of material.
advocated that the natural world should not be used as a capital resource.
argued that the natural world was valued as a resource, providing humans with both direct benefits and indirect benefits.
believed that business does not good reasons for conserving natural resources.
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Question 20
Multiple Choice
Reminiscent of the _____ tradition, it is suggested that some animals have the cognitive capacity to possess a conscious life of their own and people have a duty not to treat these animals as mere objects and means to their own ends.