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Chapter Review Quizzes
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1
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.
A)True
B)False
2
The conservation movement is the most recent phase of modern environmentalism.
A)True
B)False
3
Defenders of the market-based approach contend that environmental problems involve the allocation and distribution of limited resources.
A)True
B)False
4
Internalizing external costs and assigning property rights to unowned goods such as wild species are two responses to market failures. These ad hoc attempts to repair market failures are environmentally sufficient.
A)True
B)False
5
The ultimate goal of biomimicry is to eliminate waste altogether rather than reducing it.
A)True
B)False
6
Identify the process that examines what the future will be when we emerge through the Natural Step Funnel.
A)Forecasting
B)Redlining
C)Backcasting
D)Phishing
7
According to this movement, the natural world was still valued as a resource, providing humans with both direct benefits, and indirect benefits. The natural world, like capital, had the productive capacity to produce long-term income but only if managed and used prudently. Identify this movement.
A)The conservation movement
B)The in-situ movement
C)The ecology movement
D)The ex-situ movement
8
A market-based approach to resolving environmental challenges is reminiscent of the:
A)philanthropic model of CSR.
B)social web model of CSR.
C)integrative model of CSR.
D)economic model of CSR.
9
Identify the term used to describe the resources that can be replaced by substitutes.
A)Divisible
B)Fungible
C)Compatible
D)Portable
10
This model does not differentiate natural resources from the other factors of production and does not explain the origin of resources. It treats economic growth as both the solution to all social ills and also as boundless. Identify this model.
A)The circular flow model
B)The triple bottom line model
C)The bilinear model
D)The sustainability model







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