BUSI 3250 Quizzes 4-6 Exam 2
Questions with Latest Update
Early business sustainability efforts looked beyond their own operations focused on the
external aspects of conservation and environmental regulation - Answer-False
The stakeholder model for environmentally sustainable business has failed because we
don't have an accounting system to measure the present costs of environmental
irresponsibility. - Answer-False
Wind Power is an example of a renewable energy source - Answer-True
"Petroleum Man" faces inevitable extinction, as we currently understand resources -
Answer-True
Biomass is a category of renewable energy fuels based on their heavy weight - Answer-
False
Geothermal power is derived from mirrors or sensors used to collect sunlight - Answer-
False
When considering the limits associated with sustainability, a company should address -
Answer-that environmental resources are exhaustible
The three characteristics of evolving sustainable business practices are: - Answer-limits,
interdependence, and equity.
The stakeholder model requires businesses to think about - Answer-the network of
tensions caused by competing demands
Tropical rain forests are - Answer-A barrier to economic development
Recently, many governments, including the U.S. government, have contracted out
certain services to private companies. - Answer-True
The British prime minister, David Cameron, led the privatization movement - Answer-
False
Terrorists avoid kidnapping because the repercussions can be harmful to their
movement - Answer-False
The national defense argument for trade restrictions is based on the development level
of the country - Answer-False
, Sanctions are a trade restriction that is effective in forcing change - Answer-False
Subsidies are implemented by the government to a domestic firm as a way to
encourage exports of protect the firm from imports - Answer-True
Voluntary export restraints are imposed by the importing nation to avoid violating WTO
rules - Answer-False
This country engaged in many privitizations in the aftermath of the 2008-2009 financial
crisis - Answer-Greece
When a government transfers the assets of a company from the public sector to the
private sector, it is an example of - Answer-privatization
Government protection of economic activities is - Answer-a historical function of
government
The U.S. enforcement of Equal Employment Opportunity Commission (EEOC) law in
U.S. companies operating abroad is an example of extraterritoriality - Answer-True
Intellectual property includes patents and trademarks, but not copyrights - Answer-False
The European Patent Organization (EPO) makes filing for a patent in all 28 EU member
states more difficult than it was previously - Answer-False
The logo that allows consumers to identify a company or product is an example of a
trademark - Answer-True
Extraterritoriality refers to - Answer-A nation's attempt to enforce its law beyond its
borders
If two English multinational companies had a dispute arising in NYC, and there were no
choice of law of choice of forum clauses in their contract, it is likely that - Answer-They
would bring their dispute to an English court
Arbitration is often preferred when the contract stipulates U.S. law and one of the
litigants if foreign because it is - Answer-quicker, cheaper, and more private than
litigation
Arbitration is a private solution that is - Answer-More private than litigation
A patent gives the inventor - Answer-Exclusive right to manufacture, exploit, use, and
sell the invention for a given time period
Trademarks are defined as - Answer-A shape, color, design, sound, phrase,
abbreviation by which a product is designed
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