#1
What does CSR stand for in the context of business?
Corporate Social Responsibility
ExplanationEthical responsibility for societal and environmental impact.
#2
Which of the following is NOT a pillar of sustainability?
Political
ExplanationPolitical factors are not traditionally considered pillars of sustainability.
#3
What does the acronym ESG stand for in the context of sustainable investing?
Environmental, Social, and Governance
ExplanationFactors used to evaluate sustainability and ethical impact.
#4
What is the main purpose of a code of ethics within an organization?
To set standards for acceptable behavior
ExplanationEstablish guidelines for ethical conduct.
#5
Which ethical principle emphasizes maximizing benefits for the greatest number of people?
Utilitarianism
ExplanationFocuses on maximizing overall happiness or utility.
#6
What does the 'triple bottom line' refer to in corporate sustainability?
Profit, people, and planet
ExplanationBalancing financial, social, and environmental performance.
#7
What is the primary goal of a sustainability report?
To disclose environmental impacts and social responsibility efforts
ExplanationTransparently communicate sustainability efforts and impacts.
#8
Which of the following is NOT a common ethical issue in the business world?
Ethical outsourcing
ExplanationEthical outsourcing is not a commonly recognized ethical issue.
#9
Which of the following is a potential benefit of implementing ethical practices in business?
Enhanced reputation and brand loyalty
ExplanationPositive perception and loyalty from stakeholders.
#10
Which of the following is an example of greenwashing?
A company falsely claiming their products are environmentally friendly
ExplanationMisleading environmental claims for marketing purposes.
#11
Which of the following is an example of a conflict of interest in business?
A manager awarding a contract to their relative's company without disclosing the relationship
ExplanationPersonal interests conflicting with professional duties.
#12
What does the 'tragedy of the commons' refer to in sustainability?
The depletion of shared resources due to individual self-interest
ExplanationOveruse and degradation of communal resources.
#13
Which of the following best describes the 'precautionary principle' in sustainability?
Taking action to prevent potential harm, even in the absence of scientific consensus
ExplanationErring on the side of caution to protect against unknown risks.