Responsible Business: Foundations Of Ethical And Sustainable Management (The Principles For Responsible Management Education Series) 3rd Edition Alex Hope (Author), Oliver Laasch (Author) - Solutions

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Changing the economic system infrastructure…a. …is necessary to provide public policies, such as legislation, taxation, or subsidies that support the creation of a sustainable economic system.b.
Mechanisms for the efficient use of natural resources…a. …can be subdivided into resource cascading and revalorization. Both increase the overall useful lifetime of a natural resource.b.
Transforming sub-systems of the overall economic system…a. …includes the idea of creating industrial eco-systems, which are aimed at connecting a single business with its surrounding natural
System resilience…a. …refers to systems’ high instability.b. …can among others be explained by equilibriums inside the system that are self-reinforcing.c. …can among others be explained by
Root causes of the economic system’s unsustainability…a. …include that the economic system is geared towards growth.b. …require among others the change task of creating mechanisms to
Changing the economic system…a. …may be a very complex task, as a system is more than the pure sum of its elements.b. …involves changing the elements of a system, such as the flows of
Entrepreneurship for creating new sustainable businesses…a. …can be divided into four main stages, ranging from the conceptualization of the venture to its maturity.b. …once entered into the
Entrepreneurship in established businesses…a. …may take the form of corporate social entrepreneurship, where single individuals try to change the company from the inside towards more sustainable
Entrepreneurship…a. …always refers to creating a new business.b. …among its defining characteristics has complexity, innovation, and seizing opportunities for profit.c. …can contribute to
Change management…a. …to create a responsible business is always impeded by very high resistance to change by employees.b. …has been described by Kotter’s tool of eight steps for successful
Leaders…a. …be it managers, and entrepreneurs all fulfill the same function.b. …for sustainable business primarily need a clear vision of what the sustainable business should look like and the
The different types of sustainable, responsible, and irresponsible business…a. …include an ideal type of sustainable business, that is restoratively sustainable (it even replenishes the Earth’
Activist roles and vehicles…a. …describe the reality that individuals can be activists in many different ways throughout the different roles taken in their life.b. …do not include
Activism…a. …can be defined by its constituting elements of an individual’s commitment to a certain cause, the nonconformity with the actual status quo, and an action to change the situation.b.
Sustainable lifestyles…a. …are necessary in order to both reduce the footprint of individuals with medium-to-high incomes and to find viable future consumption styles for the upcoming new middle
What business can do to influence peoples’ behavior…a. …includes responsible marketing. Responsible marketing here refers only to selling more sustainable products.b. …always creates costs
Characteristics of human behavior impeding sustainable living…a. …include greed, as always wanting more does not go in accordance with a planet of finite resources, limiting growth.b. …include
Classical approaches to explaining human behavior…a. …include Maslow’s needs pyramid, which explains human behavior by individual’s needs and motivation.b. …include Kohlberg’s pyramid of
The innovation of e-cigarettes involves the innovation of what? Innovation objects are…a. …product innovation, as electronic cigarettes are radically different from traditional cigarettes.b.
Who innovates where? Questions to this answer may be…a. …in open innovation the R&D department innovates, but openly tests the results involving external stakeholders.b. …in management
The Korean company Biocera has invented “washing balls” that work entirely without detergent. The company highlights its positive effect in terms of less water pollution, economic savings due the
What is the primary benefit of third-party verification in responsible business certification?a. Reducing operational costs for businesses.b. Eliminating the need for corporate governance.c.
Which type of eco-label is awarded by third-party organizations based on environmental criteria?a. Type I.b. Type II.c. Type III.d. None of the above.
What key difference distinguishes Benefit Corporations from B-Corporations?a. Benefit Corporations are a legal status; B-Corps are certified by a non-profit.b. B-Corps do not focus on social and
Which of the following certifications was one of the first to guarantee the sustainable origin of forest products?a. ISO 14001.b. Marine Stewardship Council (MSC).c. Forest Stewardship Council
What is the primary purpose of responsible business certifications?a. To increase the CEO’s personal reputation.b. To operationalize sustainability and ethics within companies.c. To eliminate all
Bluewashing…a. …refers to the misuse of a United Nations association.b. …is a form of greenwashing.c. …is a synonym for green noise.d. …is the opposite of greenwashing.
Greenwashing…a. …refers to offering “green products”.b. …stakeholders apply the same criteria for greenwashing accusations for all organizations.c. …should be avoided by increasing the
Critical attitudes…a. …might lead to a situation where the companies communicate their responsible business message well, but stakeholders still do not make a positive attribution to the
Communication to control…a. …exclusively aims to control that stakeholders really translate their good image of the company into tangible benefits.b. …can involve feedback mechanisms, such as
Communication to implement…a. …may involve social marketing, the main tool to sell green products to customers.b. …typically involves hotlines as a central communication tool.c. …may involve
Communication purposes in responsible business…a. …can be divided into two basic tasks. First, communication to increase sales, and second, communication to increase brand value.b. …during the
Integrated communication…a. …refers to integrating external and internal communication channels.b. …aims to better separate the communication to internal and external stakeholders.c. …aims to
Responsible business communication tools…a. …are diverse. In order to understand each, it is important to know 1) the process involved in using the tool; 2) purpose and desired outcome of the
Communicating with Stakeholders…a. … is a task of low-complexity as most stakeholders are very alike when communicating to them.b. …can be based on an interest of the company to communicate
The German fashion chain store Humana exclusively sells second-hand clothing under the slogan “first class second hand”. Most of the clothing sold is sourced through donations. This example
A chocolate company pays their cocoa suppliers more than the market price. This is an example of…a. …green supply chain management.b. …fair trade.c. …inclusive supply chains.d.
Sustainable supply chain management…a. …in the chapter was defined as a responsible management of company’s supplier relationship.b. …involves the concept of an extended chain of
Research and development in responsible business…a. …involves sustainable innovation as the process of innovating with the goal of a better social, environmental, and economic performance of
Responsible management in human resources…a. …can be seen as a one-sided relationship for the unique benefit to human resources.b. …often leads to a situation where responsible business
Responsible management in finance, organizational structure, and governance…a. …involves three activity areas for responsible management in finance; transforming financial management in
Responsible management in the law and compliance and in the accounting functions…a. …involves the compliance with soft law. Soft law refers to formal legislation that only applies to a small,
Car2Go, a subsidiary of Daimler AG (the producer of car brands such as SMART, Maybach, and Mercedes-Benz) has established a car-sharing network in European and North American cities. This is an
The marketing service and sales function, responsible management…a. …involves the deployment of the tool social marketing, which aims to increase product sales by connecting it to a good cause.b.
Responsible management in logistics and operations…a. …involves conflicts of interest between efficient logistics and sustainable development. An example is that logistics aims at offering
The Mexican cinema chain Cinepolis has integrated responsible business key performance indicators across the four areas of its balanced scorecard through which the company and its executives evaluate
Implementing responsible management throughout company functions and departments…a. …usually involves so-called mainstream responsible management instruments such as ethics management.b.
Good practices in implementing responsible business…a. …include for instance that implementation should be transformative.Transformative means that the company has to transform business practices
Business models…a. …typically have the five elements of value proposition, value offer, creation, delivery, and capture of value.b. …are best described through the business model canvas if we
The balanced scorecarda. …has originally been developed to avoid short-run profit thinking as the primary driver of business.b. …integrating responsible business indicators has been illustrated
Indicators for the strategic management of responsible business…a. …include social indicators. One social indicator might be “The percentage of workers unionized”.b. …may be included in a
Strategy development…a. …is usually conducted on three different levels: Sustainability level, corporate level, and responsible business level.b. …on the corporate level includes The Coca Cola
The four responsible business categories…a. …include the “Responsibility Superstar”, a business that combines a nonprofit motivation with a non-growth development strategy.b. …include the
Development strategies for responsible business…a. …may be subdivided into profit and non-profit approaches.b. … include, for instance, degrowth strategies.c. … include, for instance,
Primary motivations of business…a. …may be subdivided into profit and non-profit motivations.b. …may include a profit motivation. For a profit motivation for responsible business to make sense,
How does the concept of Doughnut Economics visualize sustainable development?a. …As an unlimited growth model.b. …By prioritizing financial growth over environmental concerns.c. …Ignoring
Which approach is essential for integrating sustainable economics into business practice?a. …Avoiding stakeholder engagement.b. …Focusing solely on short-term profitability.c. …Adopting systems
Which concept focuses on creating economic value that also benefits society?a. …Profit Maximization.b. …The Shared Value Concept.c. …Traditional Corporate Governance.d. …Linear Economic
What does the “circular economy” model emphasize?a. …A linear model of consumption.b. …Minimizing waste and cycling materials back into the economy.c. …Sole focus on renewable energy.d.
What does the concept of “sustainable economics” emphasize?a. …Maximizing short-term profits.b. …Focusing solely on environmental conservation.c. …Balancing economic growth with
Which legislation marked a significant pivot point for workplace equality in the United States?a. …Civil Rights Act of 1964.b. …Equality Act 2010.c. …Employment Equity Act 1998.d. …Americans
Which of the following is a key aspect of the “Belonging” dimension in DEIB?a. …Strict adherence to corporate policies.b. …Frequent positive interactions within a framework of long-term
What is the primary challenge in implementing Equality, Diversity, and Inclusion(EDI) in businesses?a. …Decreased profitability.b. …Resistance to change and cultural transformation.c.
Which of the following best defines “diversity” in a business context?a. …Uniformity in employee skills and experiences.b. …Variety in employee backgrounds and perspectives.c. …Adherence to
What does the term “DEIB” stand for in the context of workplace equality?a. …Diversity, Equity, Inclusion, and Belonging.b. …Diversity, Empowerment, Integrity, and Balance.c. …Diversity,
You hear from a colleague that your company has adopted this new standard which has a strong focus on human rights and labor practices, but which also covers anti-corruption. Which standard is she
Someone is criticizing that a company’s corporate responsibility report did not cover a major environmental scandal the company was involved in during the year, and which is of highest interest to
Practice norms…a. …among others include corporate citizenship and sustainable development.b. …include for instance the Global Reporting Initiative (GRI), a set of ten standards aiming at
Responsible management instruments…a. …may be specialized or mainstream management instruments.b. …may also be called 3D management instruments.c. …are for instance corporate citizenship and
Issues…a. …are latent problems, which might turn into crises if unattended.b. …once they are addressed become a cause.c. …help to understand an impact area, which makes them one of the basic
Stakeholders…a. …of an organization can be fully identified by thinking about who are the groups and individuals that affect the company.b. …do not include competitors, as they are the
Actors…a. …may for instance be a company, a government agency, or a civil society organization.b. …from different sectors should not collaborate, as their primary motivations and management
The responsible management process…a. …consists of three main elements and at least one management instrument.b. …centrally involves at least one responsible management instrument such as
3-Dimensional value creation…a. …in a responsible business happens internally and externally, leading to social, environmental, and economic value.b. …as a business-internal economic value
Imagine in the retail corporation you are working in it has become a common practice that buyers ask suppliers to forfeit money in exchange for the renewal of their supplier contract. Which of the
Normative ethical theories…a. …in this book has been subdivided into consequentialist and nonconsequentialist ethical theories.b. …include ethics of duties mainly based on the thinking of John
Business ethics…a. …is a synonym for business morality.b. …comprises the three main domains of normative and descriptive ethics and ethics management.c. …in its sub-domain normative business
Imagine a company refuses to talk to the members of the local community who have gathered at the gates of one of their factories after a chemical spill. This is an example of…a. …philanthropic
Corporate social responsibility (CSR)…a. …has been defined by Archie B. Carroll in a pyramid model.b. …in its definition by the European Union among others defines corporate social
Corporate citizenship (CC)…a. …in its equivalent view equals corporate philanthropy.b. …as one of the central ideas sees companies as political actors with the responsibility to improve their
Responsible business…a. …includes sustainable development as one of the background management frameworks.b. …includes philanthropy as one of the background management frameworks.Philanthropy
How have businesses recognized the importance of the Sustainable Development Goals (SDGs)?a. …As a regulatory compliance requirement.b. …As a moral compass and a strategic roadmap for
What is the primary role of indicators associated with the Sustainable Development Goals?a. …To provide financial assistance for goal implementation.b. …To establish new targets every year.c.
Which conference led to the mandate for the Sustainable Development Goals(SDGs)?a. …The 1972 United Nations Conference on the Human Environment.b. …The 1987 Brundtland Report Conference.c. …The
What does the principle of “Universality” in SDGs refer to?a. …Goals are only for developing countries.b. …Goals apply to all countries, irrespective of income level.c. …Only universal
What was the main focus of the Millennium Development Goals (MDGs)?a. …Climate change.b. …Sustainable agriculture.c. …Poverty reduction.d. …Gender equality.
Sustainable living…a. …is the sectoral contribution of the public sector to sustainable development.b. …among others aims at having consumers making the right votes “with their wallets”.c.
Sustainable business…a. …is the sectoral contribution of the business sector to sustainable development.b. …when contributing to sustainable development displays the two main advantages. First,
Sustainable governance…a. …is the sectoral contribution to sustainable development by the governmental and public sector.b. …comprises as one of its main functions is developing and
Sustainable development…a. …in one of its primary concepts refers to the “three dimensions” of world development, state development and individual development.b. …has been defined as a
During the time when responsible business became a focus topic of management…a. …Michael Porter developed the corporate social responsibility pyramid, which categorizes economic, legal, ethical,
Today’s unsustainability…a. …is not a new phenomenon. Already in ancient Mesopotamia unsustainable agricultural practices caused problems in food production.b. …is among others caused by the
The progressive period of the relationship between business, society and environment…a. …gave birth to “The Green Revolution”, a legendary movement of the major multinational businesses going
The modern period of the relationship between business, society and environment …a. …was the time of the African-American civil rights movement.b. …was when the foundation of the World Business
The classic period of the relationship between business, society and environment…a. …among others comprizes the time of the industrial revolution.b. …was a time of major importance for the
How do businesses contribute to climate change innovation…a. …by avoiding new technologies.b. …Investing in research and development for new solutions.c. …Maintaining traditional business
Which strategy is crucial for businesses in responding to climate activism…a. …ignoring activist demands.b. …engaging in dialogue with activists.c. …focusing only on short-term profits.d.
What is a key mitigation strategy to address climate change…a. …reducing product prices.b. …expanding urban development.c. …transitioning to renewable energy sources.d. …increasing fossil
Which of the following is a direct physical risk of climate change for businesses…a. …regulatory changes.b. …technological innovation.c. …disruptions due to extreme weather events.d.
What is the primary purpose of the greenhouse effect…a. …to increase global temperatures.b. …to trap heat from the sun in Earth’s atmosphere.c. …to produce greenhouse gases.d. …to reduce

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Responsible Business: Foundations Of Ethical And Sustainable Management (The Principles For Responsible Management Education Series) 3rd Edition Alex Hope (Author), Oliver Laasch (Author) - Solutions

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