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1. Switzerland exports cheese and chocolate because one of its factor endowments is lots of rich agricultural land.
True False
2. Porter's diamond can be used to explain the importance of the environment and natural resources.
True False
3. Porter's diamond model suggests that Switzerland should not be competitively successful.
True False
4. Porter suggests that adverse conditions can motivate innovation, which may lead to the development of a competitive advantage.
True False
5. With globally networked transportation, location does not matter as a basic factor condition.
True False
6. Because Austria sided with the West in the Cold War, it became a favored location for offices of international firms servicing eastern European operations.
True False
7. Geographical proximity is rarely a major reason for trade.
True False
8. Mountains tend to impede trade, whereas flat areas tend to facilitate trade relationships.
True False
9. Mountain barriers found in the area of the Pakistan-Afghanistan border impede travel and separate populations.
True False
10.Switzerland, China, and Colombia are nations that present topographic challenges to marketers because their markets are divided by mountain ranges.
True False
11.Every coast between 20 and 30 degrees of the equator (north or south) is dry.
True False
12.Bodies of water, much like deserts and mountains, also serve as barriers to trade.
True False
13.Climate differences explain differences in human and economic development because the less temperate climates limit mental powers.
True False
14.Nonrenewable energy sources include coal, fossil fuels, and ocean thermal energy conversion.
True False
15.Through 2035, fossil fuels are expected to remain the world's dominant energy source.
True False
16.China and India combined are using more marketed energy than is the United States, and this trend is projected to increase.
True False
17.Heavy oil is oil weighted down with an extra carbon molecule, and it can be gasified using the Fischer-Tropsch process.
True False
18.Saudi Arabia and Canada have the largest proven oil reserves.
True False
19.The largest portion of proven oil reserves can be categorized as being at the highest level of investment risk.
True False
20.Nuclear power is a leading contributor to the French energy grid.
True False
21.Because it is a high polluter, coal is on the decline as an energy source.
True False
22.Biomass is a category of renewable energy fuels based on their heavy weight.
True False
23.Sustainable approaches in business usually involve trade-offs such as lower profits compensated by reduced marketing costs and improved image/reputation.
True False
24.Limits, interdependence, and equity are characteristics of sustainable business practices.
True False
25.The stakeholder model for environmentally sustainable business has failed because we don't have an accounting system to measure the present costs of environmental irresponsibility.
True False
26.Compassion has nothing to do with sustainable business. Business is business.
True False
27.Coal and nuclear power are both in decline as energy sources.
True False
28.Stakeholder theory suggests that balancing competing tensions in a business is impossible and that recognizing this early in the process is helpful.
True False
29.Triple-bottom-line accounting is an example of sustainability with economic, social, and environmental accountability.
True False
30.Interface, the manufacturer of Flor, is an example of a petroleum-based business that has developed a sustainable model.
True False
31.Environmental sustainability is about maintaining the environment, and it is both local and global.
True False
32.Environmentally sustainable businesses need to consider the economic and ecological systems in which they function, but not the social.
True False
33.Sustainable business practices have three characteristics: limits, interdependence, and equity. True False
34.The relationships among ecological, social, and economic systems in sustainable environments need to be:
A. discreet.
B. renewable.
C. positive.
D. interdependent.
35.The stakeholder model requires businesses to think about:
A. the stakeholders' interest in profitability.
B. the network of tensions caused by competing demands.
C. strategy in light of sustainability.
D. the frequency of social issues faced by the stakeholders.
36.Stakeholder theory pushes managers to be clear about how they want to do business, so it encourages:
A. recognition of and transparency with values and underlying principles.
B. discussion of profit center margins.
C. strategy development from the top down.
D. B and C.
37.Interface, the producer of Flor carpeting, has a solid record in sustainable business practice and:
A. makes impressive contributions to sustainable development in developing economies.
B. is committed to triple-bottom-line accounting.
C. spins its products from petroleum.
D. sources its raw materials from recycled plastic bottles.
38.Patagonia recognizes that doing business following the traditional approach, focusing on quarterly earnings, is not complete because this does not focus on:
A. the negative impact of the business.
B. the cost of environmental sustainability.
C. consumer needs for green merchandise.
D. triple-bottom-line (3BL) accounting.
39.Chouinard, the founder of Patagonia, observed that:
A. triple-bottom-line accounting is the way to build sustainability.
B. compassion is the first step in sustainability.
C. our approach to fossil fuel consumption is clearly unsustainable.
D. no business can be done on a dead planet.
40.Physical barriers that have led to the development of separate languages in the same country are known as:
A. political and cultural patterns.
B. topographical barriers.
C. linguistic tariffs.
D. differentiating borders.
41.With factor conditions, Porter's diamond model distinguishes between basic factors , those a country inherits, and
A. importedfactors , those it brings in from abroad.
B. demandconditions , the aggregate demand in the economy.
C. climateconditions , the basic influence on business options in the specific location.
D. advancedfactors , those a country can mold: labor and infrastructure.
42.Swiss exports are concentrated, high-density products that minimize the need for importing bulky materials because:
A. mountain ranges increase transport costs into and out of Switzerland and limit local resources.
B. the Swiss love of chocolate and watches influenced the export patterns.
C. high-density exports encounter lower tariffs.
D. B and C.
43.Geographical proximity contributes to:
A. knowledge of the country by its neighbors.
B. lower freight costs.
C. the likelihood of trade relationships.
D. all of the above.
44.Topography, including mountains, deserts, plains, and bodies of water, greatly influences:
A. political relationships.
B. the physical distribution of products and services.
C. the local approach to education and health services.
D. local attitudes toward industrially developed economies.
45.Nations whose mountains divide them into smaller regional areas include:
A. the United States, Mexico, and Canada.
B. Switzerland, Afghanistan, China, and Colombia.
C. Luxembourg, France, and Romania.
D. Estonia, Latvia, and Lithuania.
46.One example of the effect of topography is:
A. isolated language groups, which require special marketing adjustments.
B. regional metals markets.
C. a unified China.
D. equal distribution of populations.
47.A good example of the relationship between water supply and population concentration is:
A. eastern Europe
B. China
C. Australia
D. Japan
48.In more dense populations, international managers can expect:
A. increased political discord.
B. markets that respond well to word-of-mouth promotion.
C. contrasting topographical features.
D. lower marketing and distribution costs.
49.Densely populated areas coincide with:
A. rivers, lakes, and seacoasts.
B. inland waterways.
C. rich mineral reserves and rare earth deposits.
D. low levels of environmental awareness.
50.Climate influences:
A. intelligence and energy levels, per the North-South divide.
B. what people can do, physically and economically.
C. levels of emotional well-being.
D. adjustment and motivation.
51.World Bank studies have shown that underdevelopment is often due to:
A. factors such as parasites and viruses that are a part of tropical climates and expand unchecked because of the lack of winter temperatures.
B. mental slowness in people of the climates around the equator.
C. socialist political regimes.
D. lack of government investment in education.
52.Petroleum, a relatively cheap nonrenewable energy source, is:
A. in abundant supply but is not environmentally clean.
B. being increasingly depleted and is expected to run out in another 50 years, but in the meantime, improved retrieval techniques are being developed.
C. clean, cheap, and available, but most of the reserves are located in countries whose leadership is critical of the industrialized world.
D. expected to run out in another 10 years and needs to be replaced with renewable energy sources quickly.
53.The top four countries in proven reserves are:
A. China, Japan, Singapore, and Malaysia.
B. Kuwait, Saudi Arabia, the United States, and Mexico.
C. Qatar, Libya, Nigeria, and Venezuela.
D. Saudi Arabia, Canada, Iran, and Iraq.
54.Heavy oil is:
A. a group of unconventional oil sources such as oil sands, shale, coal, and natural gas, all of which via processing can yield oil.
B. a rich oil found in deposits in Saudi Arabia and Kuwait whose molecular weight is heavier than normal oil.
C. oil extracted from biomass that is reprocessed.
55.As an energy source, nuclear power:
A. is growing significantly, especially in developing countries.
B. has been growing as the price of oil climbs and cleaner energy sources (nonpolluting) are sought.
C. has been exploited by France, which has one of the lowest greenhouse gas emissions in the industrialized world.
D. all of the above.
56.Coal pollutes heavily:
A. so its use has declined markedly in the past 15 years.
B. yet its consumption has increased and is projected to continue on this trend, especially in China and India.
C. and contributes to greenhouse gas emissions, especially in China, India, and the United States.
D. B and C.
57.Renewable energy sources:
A. will replace fossil fuels, due to price, depletion, or carbon emissions.
B. are growing at greater rates than the nonrenewables in the United States and Europe.
C. A and B.
D. are all available everywhere.
58.The area with the greatest capacities in renewables as of 2010 is:
A. the United States.
B. European Union.
C. India.
D. Japan.
59.Nonfuel minerals:
A. include chrome, manganese, platinum, and arsenic, all necessary for modern living.
B. are mostly sourced through imports in the United States.
C. frequently originate in China.
D. all of the above.
60.Environmental sustainability is both local and global because:
A. environmental conditions do not recognize national borders.
B. governments are not prepared to address environmental issues beyond the UN.
C. business has become global, so sustainability must follow the trend.
D. all of the above.
61.The three characteristics of evolving sustainable business practices are:
A. local, global, and improving quality of life.
B. environmental sustainability, quality-of-life sustainability, and triplebottom-line accounting.
C. limits, interdependence, and equity.
D. none of the above.
62.Sam Palmisano, CEO of IBM, has described a new way of doing business that goes to equity of distribution by observing that:
A. profit sharing will need to increase.
B. stakeholder theory provides a way forward, combining local and global.
C. IBM would end its colonial company model and move on to an integrated model with high levels of trust among stakeholders.
D. A and B.
63.Stakeholder theory is an understanding of how business works that:
A. takes into account culture and environmentalism.
B. rejects the importance of the bottom line.
C. emphasizes planning.
D. takes into account all identifiable interest holders.
64.A way to measure a company's success in sustainable business practices is:
A. to examine the return on investment.
B. triple-bottom-line accounting.
C. to monitor the company in a social context.
D. to review the marketing materials.
65.A specific example of a sustainable business is Patagonia, as evidenced in its:
A. Footprint Chronicles program that addresses the trade-offs global sourcing creates and evaluates the impact of sourcing decisions.
B. ecosystem model of sustainability that relies on the synergies between financial, environmental, and social elements.
C. product lines and credit policies.
D. A and B.
66.Porter's diamond is a model that offers an explanation of:
A. differing levels of success among the national players in world markets.
B. endowment factor differentials.
C. the impact of climate on development.
D. macro-level FDI.
67.Proximity is a factor in explaining:
A. a nation's political system.
B. the number of a nation's political and trade relationships.
C. language patterns.
D. demand conditions.
68.Climate is probably the most important element of the physical forces, as it sets the limits on:
A. annual rainfall, and thus water supply.
B. population growth patterns.
C. what people can do physically and economically.
D. expected FDI.
69.The main transportation artery of Europe is the:
A. Venice canal system.
B. Danube-Dresden waterway.
C. Lake Constantine system.
D. Rhine waterway.
70.Bodies of water that provide inexpensive access to interior markets are known as:
A. inland waterways
B. seaway outlets.
C. river systems.
D. inland oceans.
71.Every continent has inland waterways that provide inexpensive access to interior markets except:
A. Russia.
B. North Africa.
C. Australia.
D. North America.
72.The North-South divide uses climatic differences to explain:
A. population differences.
B. trade patterns.
C. differences in human development.
D. cultural differences.
73.Studies conducted by the World Bank indicate that tropical climates allow for:
A. the unimpeded reproduction and growth of weeds, viruses, birds, insects, and parasites.
B. lack of the need to provide heat and shelter that is present in northern climates.
C. unparalleled trade.
D. cultivation of citrus and four crops per year.
74.Natural resources are:
A. anything that is alive in the natural world.
B. anything provided by nature on which people depend.
C. any raw material that becomes a component in a manufactured good.
D. anything that is used for food or fuel.
75.The marketed energy use has been dominated since 1980 by:
A. renewable energy sources.
B. nuclear energy and coal.
C. nonrenewable energy sources.
D. solar and wind power.
76.The International Energy Agency 2010 report observes that an energy revolution underway may well lead to:
A. a 27 percent drop in oil usage.
B. North America becoming the center of alternative energy research.
C. Africa and the Middle East increasingly relying on fossil fuels.
D. Europe relying increasingly on nuclear.
77.Unconventional sources of petroleum such as oil sands and shale are often grouped together and referred to as:
A. nonrenewable hopes.
B. new sources.
C. peak sources.
D. heavy oil.
78. This material, when heated to 500°C, will yield 25 liters or more per ton of input:
A. shale.
B. biomass.
C. natural gas.
D. light petroleum.
79.The largest portion of the world's proven oil reserves is located in:
A. low-risk areas.
B. high-risk areas.
C. climate-challenging areas.
D. developed nations' oil fields.
80.This government commercialized the German Fischer-Tropsch process in order to obtain oil from coal through a catalyzed chemical reaction:
A. Israel.
B. the Sudan.
C. South Africa.
D. Germany.
81.Instead of declining, this nonrenewable energy source, because of its lack of pollution and the rising price of oil, has seen significant growth:
A. wind power.
B. nuclear power.
C. geothermal power.
D. petroleum.
82.Although it pollutes heavily, this energy source is on the rise everywhere, especially in China:
A. natural gas.
B. coal.
C. nuclear.
D. diesel.
83.This is the only industrialized country that has not ratified the Kyoto Protocol, a UN convention on climate change:
A. China.
B. France.
C. Russia.
D. the United States.
84.This is the cleanest of the nonrenewable fuel sources, and it has become a substitute for oil as oil prices increase:
A. natural gas.
B. diesel.
C. nuclear.
D. kerosene.
85.Wind power is sourced:
A. on land only.
B. on land and sea.
C. where altitudes permit.
D. in the Swiss Alps.
86.According to the text, the fastest-growing renewable energy source is:
A. solar PV.
B. nuclear power.
C. wind power.
D. biomass.
87.This group of resources, which includes chrome and manganese, is used in many technology applications, and the United States imports many of these resources 100 percent:
A. rare earths.
B. nonfuel minerals.
C. rare minerals.
D. mineral gems.
88.China's vast and mountainous terrain leads to:
A. many languages and dialects.
B. political unity, as in Switzerland.
C. economic disparities.
D. population disparities.
89.Deserts and tropical forests seem opposites, but they have this trait in common:
A. they are good vacation spots, and thus an economic stimulator.
B. they have small populations on their edges.
C. they separate markets, increasing transportation costs.
D. they are hospitable to insects.
90.Porter in his diamond model distinguishes two types of factor conditions:
A. positive and negative factors.
B. contributing and disaggregating factors.
C. advanced and basic factors.
D. foreign and domestic factors.
91.Rare earths are a group of elements used in:
A. jewelry.
B. technology applications.
C. farming.
D. solar applications.
92.Which country controls the export market of rare earths?
A. Brazil
B. Russia
C. the United States
D. China
93.Why are rare earths a concern in industrialized economies?
A. Although they are relatively common, they do not occur in concentrated form often.
B. They are very rare.
C. They are used in the smelting process.
D. They are not a concern, except for political reasons.
94.Europe follows the precautionary principle approach to environmental health and safety. This means:
A. everyone takes precautions and is always on the watch for environmental issues.
B. once a product is thought to be harmful, it is investigated immediately.
C. manufacturers of new products need to prove the product is safe.
D. consumers regularly review product safety regulations.
95.Sustainable business models:
A. incorporate a more socialist political approach to the marketplace.
B. have as a goal to ensure that the marketplace exists for future generations.
C. regard environmentalism as more important than profit.
D. A and C.
96.Select a country and show a relationship between its physical forces and its economy.
97.Why do international managers need to know anything about a nation's topographic features?
98.Explain the concept of sustainability as applied to business, using examples.
99.Why do nations care about having outlets to the ocean? Are landlocked nations at a disadvantage?
100.How does the notion of sustainable business compare to Milton Friedman's assertion that the focus of business should be only on the bottom line?
1. Switzerland exports cheese and chocolate because one of its factor endowments is lots of rich agricultural land.
Cheese and chocolates can be manufactured from dairy with low-volume imports and large amounts of value added.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-01Describehowgeographicalfeaturesofacountryorregioncreatecontextualdifferencesthat contributetoeconomic;cultural;political;andsocialconditionsimportanttointernationalbusiness.
TopicArea:Geography
2. Porter's diamond can be used to explain the importance of the environment and natural resources.
Porter's diamond illustrates the variables affecting competitive advantage, and one of them is factor conditions (including geography and natural resources).
Refer To: Figure 5.1, Variables affecting competitive advantage: Porter's diamond
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-02ApplyPorter'sdiamondmodeltoadiscussionofgeographicalfeatures.
TopicArea:Geography
3. Porter's diamond model suggests that Switzerland should not be competitively successful.
Porter's diamond, especially with factor conditions differentiated into basic and advanced, explains Switzerland's success as an exporting country.
AACSB:ReflectiveThinking
Blooms:Understand
Difficulty:1Easy
LearningObjective:05-02ApplyPorter'sdiamondmodeltoadiscussionofgeographicalfeatures.
TopicArea:Geography
4. Porter suggests that adverse conditions can motivate innovation, which may lead to the development of a competitive advantage.
This is the case, and Switzerland is a good example.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-02ApplyPorter'sdiamondmodeltoadiscussionofgeographicalfeatures.
TopicArea:Geography
5. With globally networked transportation, location does not matter as a basic factor condition.
Learning location is a basic factor condition and helps to explain many of a country's political and trade relationships.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-01Describehowgeographicalfeaturesofacountryorregioncreatecontextualdifferencesthat contributetoeconomic;cultural;political;andsocialconditionsimportanttointernationalbusiness.
TopicArea:Geography
6. Because Austria sided with the West in the Cold War, it became a favored location for offices of international firms servicing eastern European operations. FALSE
Austria was neutral in the Cold War, and this led to its role as a bridge between East and West.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-01Describehowgeographicalfeaturesofacountryorregioncreatecontextualdifferencesthat contributetoeconomic;cultural;political;andsocialconditionsimportanttointernationalbusiness.
TopicArea:Geography
7. Geographical proximity is rarely a major reason for trade. FALSE
To the contrary, geographical proximity often explains trade relationships.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-01Describehowgeographicalfeaturesofacountryorregioncreatecontextualdifferencesthat contributetoeconomic;cultural;political;andsocialconditionsimportanttointernationalbusiness.
TopicArea:Geography
8. Mountains tend to impede trade, whereas flat areas tend to facilitate trade relationships.
Topography contributes to differences in economies, and mountains and flatlands are a part of that.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-01Describehowgeographicalfeaturesofacountryorregioncreatecontextualdifferencesthat contributetoeconomic;cultural;political;andsocialconditionsimportanttointernationalbusiness.
TopicArea:Topography
9. Mountain barriers found in the area of the Pakistan-Afghanistan border impede travel and separate populations.
These barriers include the Hindu Kush, and they provide barriers between the two countries, as well as refuge, incidentally.
<<AU:
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-01Describehowgeographicalfeaturesofacountryorregioncreatecontextualdifferencesthat contributetoeconomic;cultural;political;andsocialconditionsimportanttointernationalbusiness.
TopicArea:Topography
Pls reword the second hilite to avoid "barriers… provide barriers">>
10. Switzerland, China, and Colombia are nations that present topographic challenges to marketers because their markets are divided by mountain ranges.
In addition, Spain and Afghanistan are in a similar situation.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-01Describehowgeographicalfeaturesofacountryorregioncreatecontextualdifferencesthat contributetoeconomic;cultural;political;andsocialconditionsimportanttointernationalbusiness.
TopicArea:Geography
11. Every coast between 20 and 30 degrees of the equator (north or south) is dry.
This is directly from the text.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-01Describehowgeographicalfeaturesofacountryorregioncreatecontextualdifferencesthat contributetoeconomic;cultural;political;andsocialconditionsimportanttointernationalbusiness.
TopicArea:Topography
12. Bodies of water, much like deserts and mountains, also serve as barriers to trade. FALSE
Bodies of water facilitate trade; they bring people closer.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-01Describehowgeographicalfeaturesofacountryorregioncreatecontextualdifferencesthat contributetoeconomic;cultural;political;andsocialconditionsimportanttointernationalbusiness.
TopicArea:Topography
13. Climate differences explain differences in human and economic development because the less temperate climates limit mental powers. FALSE
This explanation is known as the North-South divide, and its ethnocentric reasoning is problematic. The text explains that factors such as the Industrial Revolution, amplified by feedback loops, are the cause of developmental differences. See Jared Diamond's Guns , GermsandSteel .
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-01Describehowgeographicalfeaturesofacountryorregioncreatecontextualdifferencesthat contributetoeconomic;cultural;political;andsocialconditionsimportanttointernationalbusiness.
TopicArea:Climate
14. Nonrenewable energy sources include coal, fossil fuels, and ocean thermal energy conversion.
FALSE
Thermal is renewable.
AACSB:ReflectiveThinking
Blooms:Remember
Difficulty:1Easy
LearningObjective:05-04Outlinethenonrenewableandrenewableenergyoptionsavailableandtheirbroadbusiness implications.
TopicArea:NonrenewableEnergy
15. Through 2035, fossil fuels are expected to remain the world's dominant energy source. TRUE
This is an accurate statement.
Refer To: Figure 5.13, Marketed energy use by fuel type
AACSB:ReflectiveThinking
Blooms:Remember
Difficulty:1Easy
LearningObjective:05-04Outlinethenonrenewableandrenewableenergyoptionsavailableandtheirbroadbusiness implications.
TopicArea:NonrenewableEnergy
16. China and India combined are using more marketed energy than is the United States, and this trend is projected to increase.
Figure 5.14 illustrates this relationship, which is mentioned in the text.
Refer To: Figure 5.14, Marketed energy use by region
AACSB:ReflectiveThinking
Blooms:Remember
Difficulty:2Medium
LearningObjective:05-04Outlinethenonrenewableandrenewableenergyoptionsavailableandtheirbroadbusiness implications.
TopicArea:NonrenewableEnergy
17. Heavy oil is oil weighted down with an extra carbon molecule, and it can be gasified using the Fischer-Tropsch process.
Heavy oil includes oil sands, and oil-bearing shale, natural gas, and coal.
AACSB:ReflectiveThinking
Blooms:Remember
Difficulty:1Easy
LearningObjective:05-04Outlinethenonrenewableandrenewableenergyoptionsavailableandtheirbroadbusiness implications.
TopicArea:NonrenewableEnergy
18. Saudi Arabia and Canada have the largest proven oil reserves.
This statement is factual.
Refer To: Table 5.1, World oil reserves by country
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-04Outlinethenonrenewableandrenewableenergyoptionsavailableandtheirbroadbusiness implications.
TopicArea:NonrenewableEnergy
19. The largest portion of proven oil reserves can be categorized as being at the highest level of investment risk.
This is interesting from a business perspective. The text points out that, increasingly, oil reserves are controlled by governments that limit the access of the major oil companies.
Refer To: Figure 5.15, Worldwide proven oil reserves by investment risk
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-04Outlinethenonrenewableandrenewableenergyoptionsavailableandtheirbroadbusiness implications.
TopicArea:NonrenewableEnergy
20. Nuclear power is a leading contributor to the French energy grid.
France has invested heavily in nuclear and produces 75 percent of its electricity by nuclear power generation.
AACSB:ReflectiveThinking
Blooms:Remember
Difficulty:1Easy
LearningObjective:05-04Outlinethenonrenewableandrenewableenergyoptionsavailableandtheirbroadbusiness implications.
TopicArea:NuclearPower
21. Because it is a high polluter, coal is on the decline as an energy source.
Just the opposite. Coal consumption is projected to increase 49 percent through 2030. The United States has the largest coal reserves, and presently they are projected to last for 134 years at current consumption rates.
AACSB:ReflectiveThinking
Blooms:Remember
Difficulty:1Easy
LearningObjective:05-04Outlinethenonrenewableandrenewableenergyoptionsavailableandtheirbroadbusiness implications.
TopicArea:Coal
22. Biomass is a category of renewable energy fuels based on their heavy weight.
Biomass is a category of fuels based on photosynthesis, using the sun's energy to create chemical energy via plants. Weight is not a part of the issue.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-04Outlinethenonrenewableandrenewableenergyoptionsavailableandtheirbroadbusiness implications.
TopicArea:RenewableEnergy
23. Sustainable approaches in business usually involve trade-offs such as lower profits compensated by reduced marketing costs and improved image/reputation.
Sustainable approaches usually involve ecological, social, and economic aspects, but the notion of the mentioned trade-offs is not a part of the analysis.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-07Explainthemajorcharacteristicsofsustainablebusiness.
TopicArea:EnvironmentalSustainability
24. Limits, interdependence, and equity are characteristics of sustainable business practices.
Sustainability in business involves recognizing that there are limits to environmental resources; that the economic, social, and ecological systems are interdependent; and that for the interdependence to work, there has to be greater equity in distribution than there is now in many areas.
AACSB:ReflectiveThinking
Blooms:Remember
Difficulty:1Easy
LearningObjective:05-07Explainthemajorcharacteristicsofsustainablebusiness.
TopicArea:SustainableBusiness
25. The stakeholder model for environmentally sustainable business has failed because we don't have an accounting system to measure the present costs of environmental irresponsibility.
FALSE
The stakeholder model has not failed. It is regarded as a helpful model because it forces businesses to address the underlying values and principles of their business.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-08Discusstheutilityofthestakeholdermodelforsustainablebusiness.
TopicArea:StakeholderModel
26. Compassion has nothing to do with sustainable business. Business is business.
FALSE
Merton's quote links compassion and sustainability through interdependence.
AACSB:ReflectiveThinking Blooms:Remember
Difficulty:1Easy
LearningObjective:05-08Discusstheutilityofthestakeholdermodelforsustainablebusiness.
TopicArea:StakeholderModel