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Exam (elaborations)

PD1 exam with correct answers 2024

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Chouinard argument against sustainable business correct answers 'no human economic activity is yet sustainable' - never seen it be true Sustainability vs. Responsibility correct answers sustainability is total long term helping the situation while responsible is doing the best you can knowing ...

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  • October 15, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • PD1
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PD1

Chouinard argument against sustainable business correct answers 'no human
economic activity is yet sustainable' - never seen it be true

Sustainability vs. Responsibility correct answers sustainability is total long term helping
the situation while responsible is doing the best you can knowing the issues

Responsibility... correct answers changes overtime through social contestation

Net Postive/Net Zero correct answers meaning targets no pollution of green house gas
emissiona

Private Goods correct answers excludability and rivalrous - clothes, food

Common Goods correct answers non-excludability and rivalrous - fish, timber

Club Goods correct answers excludability and non-rivalrous - movie theatre, private
parks

Public Goods correct answers non-excludability and non-rivalrous - national defense

Ostrom rejects empirical implications of tragedy of the commons correct answers she
has a more positive view, 8 conditions in what she has seen for these groups to thrive in
a polycentric governance of the common

Prahalad's 3 buckets of ways to respond to sustainability correct answers Public Policy
& Religion
Personal Choice
Innovation as a source of value creation

Prahalad Conception of BOP correct answers bottom of pyramid doesn't get benefits
that the top 1/3rd do, says everyone has the right to benefit from global economy

Interconnectedness of gov't players, companies, and consumers correct answers
Chicken/Water case

Normative vs. Descriptive correct answers descriptive - fact of the matter
normative - "should", "then", etc.

Rumelt definition of strategy correct answers a coherent mix of policy and action
designed to surmount a difficult challange

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