Practice | Describe Sustainability and the Way It Creates Business Value

Q1 | Which agreement did 196 nations adopt in December 2015?

Oslo Accord

Paris Climate Agreement

Kyoto Agreement

Copenhagen Accord

Q2 | The 2015 Paris Agreement on Climate Change aimed to limit the increase of global temperatures to ________.

0.5 °C

1.0 °C

1.5 °C

2.0 °C

Q3 | Good corporate citizenship ________.

is expensive to implement and does not guarantee returns

must have management’s sincere convictions behind it in order to succeed

is more relevant in countries with less regulation.

makes good business sense

Q4 | According to the World Commission on Environment and Development, how is sustainable development defined?

It meets the needs of the future without compromising the ability of the present generations to meet their own needs.

It applies the fairness doctrine that no generation, present or future, will be disadvantaged in their ability to meet their own needs.

It meets the needs of the present without compromising the ability of future generations to meet their own needs.

none of the above

Q5 | Sustainability reporting can incorporate which of the following?

environmental reporting

social reporting

business viability reporting

all of the above

Q6 | What caused Union Carbide’s deadly gas leak in Bhopal, India, which killed 3,000 and injured 42,000?

a combination of low staff levels, corruption, pay-offs to employees to keep quiet, and the manager going on vacation the day before the leak

diversion of funds and resources to a Northern India project that also took staff from the Bhopal plant, plus many safety issues, including fines imposed on community members who camped too close to the plant

employees’ deciding to have lunch before dealing with the pressure buildup inside the tank and bribes paid to the government employees who inspected the plant

a combination of low staff levels, numerous safety issues, and a lack of immediate employee attention to the problem as pressure built up inside the tank

Q7 | Nestlé’s reputation was damaged when the company was accused of which of the following?

forcing mothers to buy baby formula within days of delivering their babies

promoting inadequate nutrition in developing countries

providing cheap formula to mothers in developing countries, but more expensive to mothers in developed countries

selling poor quality bottled water to developing countries

Q8 | Which form of energy is renewable?

solar

oil

coal

nuclear

Q9 | Which of the following types of reporting does the Triple Bottom Line not incorporate?

management

social

environmental

economic

Principles of Accounting Volume 2: Managerial Accounting

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