Business Ethics Argumentative Essay

S Question 1| | 0. 5 / 0. 5 points| “Doing more with less” has been an environmental guideline for decades. This version of the first principle is sometimes called: Question options: | biomimicry. | | cradle-to-grave. | | cradle-to-cradle. | | eco- efficiency. | Hide Feedback| | | Three general principles will guide the move towards sustainability. Firms and industries must become more efficient in using natural resources; they should model their entire production process on biological processes; and they should emphasize the production of services rather than products.
Versions of the first principle, sometimes called eco- efficiency, have long been a part of the environmental movement. “Doing more with less” has been an environmental guideline for decades. | Question 2| | 0. 5 / 0. 5 points| According to model of the economy (or Economic System) as a subset of the biosphere (or Ecosystem), we recognize that neither matter nor energy can truly be “created,” it can only be transferred from one form to another. This conservation of matter/energy is consistent with the: Question options: | first law of thermodynamics. | | second law of thermodynamics. | third law of thermodynamics. | | fourth law of thermodynamics. | Hide Feedback| | | The model of the economy (or Economic System) as a subset of the biosphere (or Ecosystem) differs from the circular flow model is several ways. From the first law of thermodynamics (the conservation of matter/energy), we recognize that neither matter nor energy can truly be “created,” it can only be transferred from one form to another. | Question 3| | 0. 5 / 0. 5 points| Identify the responsibility which holds that a business should be responsible for incorporating the end results of its products back into the productive cycle.
Question options: | Backcasting| | Cradle-to-cradle| | Take-make-waste| | Cradle-to-grave| Hide Feedback| | | Cradle-to-cradle responsibility holds that a business should be responsible for incorporating the end results of its products back into the productive cycle. | Question 4| | 0. 5 / 0. 5 points| Identify the correct statement about the Brundtland Commission. Question options: | The United Nations’ World Commission on Trading and Development (WCTD) is commonly known as the Brundtland Commission, named after the place in Norway where the summit was held. | It was charged with developing recommendations for paths towards economic and social development that would not achieve economic growth at the expense of underdeveloped and developing countries. | | It offered what has become the standard definition of sustainable development. “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. “| | It led to trading agreements like NAFTA, CAFTA, and the EU. | Hide Feedback| | | The Brundtland Commission offered what has become the standard definition of sustainable development. Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. “| Question 5| | 0. 5 / 0. 5 points| The evolution of business strategy towards biomimicry can be understood along a continuum. The earliest phase has been described as ” _____,” where business takes resources, makes products out of them, and discards whatever is left over. Question options: | cradle-to-grave| | take-make-waste| | cradle-to-cradle| | eco-efficiency| Hide Feedback| | | The evolution of business strategy towards biomimicry can be understood along a continuum.

The earliest phase has been described as “take-make-waste. ” Business takes resources, makes products out of them, and discards whatever is left over. | Question 6| | 0. 5 / 0. 5 points| According to economist Herman Daly, the emphasis of economic growth as the goal of economic policy will inevitably fail unless it is realized that: Question options: | the population of the world needs to be controlled. | | the economy is a subsystem within earth’s biosphere. | | resources are infinite. | | efficient markets need to be stabilized to ensure higher economic returns. | Hide Feedback| | Daly argues that neoclassical economics, with its emphasis on economic growth as the goal of economic policy, will inevitably fail to meet these challenges unless it recognizes that the economy is but a subsystem within earth’s biosphere. | Question 7| | 0. 5 / 0. 5 points| Which of the following statements is not a problem faced by the regulatory approach to environmental challenges? Question options: | It underestimates the influence that business can have in establishing the law. | | This approach underestimates the ability of business to influence consumer choice. | It established standards that effectively shifted the burden from those threatened with harm to those who would cause the harm. | | If we rely on the law to protect the environment, environmental protection will extend only as far as the law extends. | Hide Feedback| | | The environmental regulation enacted during the 1970s established standards that effectively shifted the burden from those threatened with harm to those who would cause the harm. This is not a problem associated with the regulatory approach but one of the changes that occurred after it was enacted. | Question 8| | 0. 5 / 0. 5 points|
According to model of the economy (or Economic System) as a subset of the biosphere (or Ecosystem), entropy increased within a closed space (the second law of thermodynamics) implies that: Question options: | the amount of re-usable products decreases with increase in production. | | the economy exists within a finite biosphere. | | wastes are not produced at each stage of economic activity. | | the amount of usable energy decreases over time. | Hide Feedback| | | The model of the economy (or Economic System) as a subset of the biosphere (or Ecosystem) differs from the circular flow model is several ways.
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Energy is lost at every stage of economic activity. Consistent with the second law of thermodynamics (entropy increased within a closed system), the amount of usable energy decreases over time. | Question 9| | 0 / 0. 5 points| The approach that at least some animals have the cognitive capacity to possess a conscious life of their own is akin to the _____ ethical framework, which asserts that we have a duty not to treat these animals as mere objects and means to our own ends. Question options: | Kantian| | virtue ethic| | utilitarian| | social web| Hide Feedback| | |
The first approach emphasizes the fact that many animals, presumably all animals with a central nervous system, have the capacity to feel pain. Reminiscent of the utilitarian tradition, this view asserts an ethical responsibility to minimize pain. | Question 10| | 0. 5 / 0. 5 points| Internalizing external costs and assigning property rights to unowned goods such as wild species are two responses to market failures by defenders of a narrow economic view of corporate social responsibility. These ad hoc attempts to repair market failures are environmentally inadequate because of the: Question options: | bastcasting problem. | fungibility problem. | | biomimicry problem. | | first-generation problem. | Hide Feedback| | | Internalizing external costs and assigning property rights to unowned goods such as wild species are two responses to market failures. But there are good reasons for thinking that such ad hoc attempts to repair market failures are environmentally inadequate. One important reason is what has been called the first-generation problem. | Ch9| Question 1| | 0 / 1 point| The approach that animals with a central nervous system feel pain is akin to the _____ ethical framework, which asserts an ethical responsibility to minimize pain.
Question options: | Kantian| | virtue ethic| | utilitarian| | deontological| Hide Feedback| | | The first approach emphasizes the fact that many animals, presumably all animals with a central nervous system, have the capacity to feel pain. Reminiscent of the utilitarian tradition, this view asserts an ethical responsibility to minimize pain. | Question 2| | 1 / 1 point| In economic terms, all resources are infinite because: Question options: | they are ‘fungible. ‘| | governmental regulations ensure that resources are distributed fairly. | | the advent of technology ensures that all resources are recyclable. | efficient markets will distribute resources efficiently. | Hide Feedback| | | From a strict market economic perspective, resources are “infinite. ” As the supply of any resources decreases, the price increases, thereby providing a strong incentive to supply more or provide a less costly substitute. In economic terms, all resources are “fungible. ” They can be replaced by substitutes, and in this sense resources are infinite. | Question 3| | 1 / 1 point| Identify the correct statement about the “circular flow model. ” Question options: | It differentiates natural resources from the other factors of production. | It explains the origin of resources. | | It treats economic growth as both the solution to all social ills and also as boundless. | | It holds that resources are finite. | Hide Feedback| | | An observation of the circular flow model is that it treats economic growth as both the solution to all social ills and also as boundless. | Question 4| | 1 / 1 point| The _____ explains the nature of economic transactions in the terms of a flow of resources from businesses to households and back again. Question options: | circular flow model| | three pillars of sustainability| triple bottom line approach| | bilinear model| Hide Feedback| | | What is sometimes called the “circular flow model” explains the nature of economic transactions in terms of a flow of resources from businesses to households and back again. | Question 5| | 0 / 1 point| According to economist Herman Daly, over the long term, resources and energy cannot be used, nor waste produced, at rates which the biosphere cannot replace or absorb them without harming its ability to sustain life. These are what Daly calls the: Question options: | “economic limitations. “| | “the backcasting effect. | | “biophysical limits to growth. “| | “un-expendable boundaries. “| Hide Feedback| | | Over the long term, resources and energy cannot be used, nor waste produced, at rates at which the biosphere cannot replace or absorb them without jeopardizing its ability to sustain (human) life. These are what Daly calls the “biophysical limits to growth. “| Question 6| | 1 / 1 point| What do you understand by the statement “all resources are fungible? ” Question options: | They can be regulated and controlled by the government. | | They can be replaced by substitutes. | They cannot be duplicated. | | They can be recycled. | Hide Feedback| | | In economic terms, all resources are “fungible. ” They can be replaced by substitutes, and in this sense resources are infinite. | Question 7| | 1 / 1 point| The Triple Bottom Line approach involves the measurement of business success of sustainable businesses and sustainable economic development in terms of three factors. Identify them. Question options: | Economic, legal, and environmental sustainability| | Economic, ethical, and environmental sustainability| | Economic, legal, and competitive sustainability| Legal, competitive, and environmental sustainability| Hide Feedback| | | 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, often called the Triple Bottom Line approach. | Question 8| | 1 / 1 point| Which of the following statements is true about the “circular flow model? ” Question options: | The economy need not grow to keep up with population growth. | | The possibility that the economy cannot grow indefinitely is not part of this model. | The economy need not grow to provide for a higher standard of living. | | The economy cannot grow indefinitely. | Hide Feedback| | | An observation about the circular flow model is that it treats economic growth as both the solution to all social ills and also as boundless. To keep up with population growth, the economy must grow. To provide for a higher standard of living, the economy must grow. To alleviate poverty, hunger, and disease, the economy must grow. The possibility that the economy cannot grow indefinitely is simply not part of this model. | Question 9| | 1 / 1 point|
A market-based approach to resolving environmental challenges is reminiscent of the _____ view of CSR. Question options: | philanthropic| | economic| | social web| | integrative| Hide Feedback| | | A market-based approach to resolving environmental challenges is reminiscent of the narrow, economic view of CSR. | Question 10| | 1 / 1 point| The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as the: Question options: | Tripartite Goals. | | three pillars of sustainability. | | Three Pronged charter. | | shoulders of sustainability. | Hide Feedback|