Chapter 5 Supplement 331

Identify two non-governmental organizations that provide guidance to businesses for reducing environmental impacts from disposal of materials to reductions in greenhouse gas emissions.

(1) UN Framework Convention on Climate Change (UNFCCC), and (2) International Organization for Standardization (ISO)

Identify three ways in which society is trying to address the misallocation of resources held in the common.

(1) moving some of the common to private property; (2) allocation of rights; (3) regulation

What percentage of the manufacturing process from Subaru's Lafayette, Indiana, plant goes to the landfill? A) 0% B) 2% C) 5% D) 12.5% E) 15%

A) 0%

What is the most critical phase in product life cycle assessment? A) product design B) purchasing C) production D) shipping E) disposal

A) product design

Companies can improve the triple bottom line with sustainability by minimizing what four things? A) raw material, energy, water, and waste B) raw material, transport, manufacture, and disposal C) people, planet, profit, and pollution D) pollution, carbon footprint, profit, and people E) lawsuits, advertisements, coupons, and layoffs

A) raw material, energy, water, and waste

What refers to looking at a product's life from design to disposal, including all the resources required? A) the commons B) a systems view C) the triple bottom line D) DD analysis E) carbon footprint

B) a systems view

The carbon footprint is defined as a measure of total greenhouse gas emissions caused directly or indirectly by what four things? A) a factory, an office building, a warehouse, or a truck B) an organization, a product, an event, or a person C) an organization, a product, an animal, or a person D) an organization, a government, a product, or a person E) a product, an event, a person, or an animal

B) an organization, a product, an event, or a person

What refers to how companies remain in business? A) corporate social responsibility B) economic sustainability C) carbon footprint D) sustainability E) closed-loop supply chains

B) economic sustainability

What refers to analysis of environmental impacts of products from the design stage through end-of-life? A) ISO 14000 B) life cycle assessment C) carbon footprint D) economic sustainability E) closed-loop supply chain analysis

B) life cycle assessment

Products are more "environmentally friendly" when they are made: A) using cheaper materials. B) using less energy. C) according to OSHA standards. D) where environmental regulations are lax. E) more difficult to disassemble

B) using less energy.

Suppose that a firm has made the following computations for its design for disassembly: processing cost per unit = $12.00, disposal cost per unit = $6.00, resale revenue per unit = $20.00, and recycling revenue per unit = $7.00. What is the revenue retrieval for this product? A) $27.00 B) $8.00 C) $9.00 D) $1.00 E) $20.00

C) $9.00

What allows companies in Europe to buy and sell allowances for the right to pollute? A) UNFCCC B) ISO 9000 C) EUETS D) ISO 14000 E) EPA

C) EUETS

What type of supply chains consider forward and reverse product flows over the entire life cycle? A) two-pronged B) life cycle C) closed-loop D) socially responsible E) end-to-end

C) closed-loop

Within environmental regulation, the "cap-and-trade" principle produces a market that allows companies to purchase and sell what? A) hats that promote environmental awareness B) shares of stock in renewable energy sources C) emission allowances D) space in landfills E) carbon reduction sweepers

C) emission allowances

One way to think of sustainability is to consider the systems necessary to support the triple bottom line of the three Ps, which are: A) price, promotion, and product. B) people, places, and products. C) people, planet, and profit. D) price, promotion, and profit. E) people, pollution, and profit.

C) people, planet, and profit.

What percentage of the 2012 Mercedes S-class is recyclable? A) 25% B) 50% C) 75% D) 95% E) 100%

D) 95%

What does UNFCCC stand for? A) United National Federation Council on Climate Change B) UN Federation for Climate Change Cooperation C) Uniform National Framework Climate Change Code D) UN Framework Convention on Climate Change E) UN Foundation for the Consequences of Climate Change

D) UN Framework Convention on Climate Change

The European Union Emissions Trading System works on what principle? A) Thatcher's Theory of the Commons B) pollute-and-pay C) socialism D) cap-and-trade E) tax the richer companies more to pay for pollution control

D) cap-and-trade

What is sometimes referred to as the fourth "R" of sustainability? A) reclaim B) recover C) renew D) improved reputation E) reproduce

D) improved reputation

What are the 3 Rs for sustainability? A) reduce, reuse, and reclaim B) reduce, reproduce, and recycle C) reproduce, reuse, and recycle D) reduce, reuse, and recycle E) reduce, reclaim, and recycle

D) reduce, reuse, and recycle

What refers to meeting the needs of the present without compromising the ability of future generations to meet their needs? A) corporate social responsibility B) economic sustainability C) carbon footprint D) sustainability E) closed-loop supply chains

D) sustainability

Which of the following is true about ISO 14000 certification? A) It can reduce exposure to liability. B) It deals with environmental management. C) It offers a good systematic approach to pollution prevention. D) One of its core elements is life cycle assessment. E) All of the above are true.

E) All of the above are true.

What does ISO stand for? A) Industry Standards Organization B) International Safety Organization C) Industrial Safety Organization D) International Standards for Oxygen E) International Organization for Standardization

E) International Organization for Standardization

What is a measure of total greenhouse gas emissions caused directly or indirectly by an organization, a product, an event, or a person? A) radioactive decay B) nitrogen footprint C) ozone factor D) pollution index E) carbon footprint

E) carbon footprint

Corporate social responsibility involves managerial decision making that considers what three impacts? A) environmental, legal, and financial B) environmental, legal, and societal C) educational, environmental, and societal D) societal, legal, and financial E) environmental, societal, and financial

E) environmental, societal, and financial

Resources held by the public are also said to be held in what? A) escrow B) the system C) contempt D) perpetuity E) the common

E) the common

The UNFCCC works on the "cap-and-trade" principle

False

Suppose that a firm has made the following computations for its design for disassembly: processing cost per unit = $13.00, disposal cost per unit = $9.00, resale revenue per unit = $22.00, and recycling revenue per unit = $8.00. What is the revenue retrieval for this product?

Revenue retrieval = $22.00 + $8.00 - $13.00 - $9.00 = $8.00

) The operations manager's greatest opportunity to make substantial contributions to the company's environmental objectives occurs during product life cycle assessment

True

Within environmental regulation, the "cap-and-trade" principle essentially allows companies to buy and sell the right to pollute.

True

What does CSR stand for? A) consumer sustainability requirements B) critical sustainability ratio C) corporate social responsibility D) corporate sustainability record E) corporate society ratio

c. corporate social responsibility

Corporate social responsibility involves managerial decision making that considers what three impacts?

environmental, societal, and financial

A measure of the total greenhouse gas emissions caused directly or indirectly by an organization, a product, an event, or a person is the nitrogen footprint

false

ISO 9000 is a series of environmental management standards that contain five core elements

false

Life cycle assessment determines which stage of the product life cycle that the product currently is in

false

Managerial decision making that considers environmental, societal, and financial impacts is known as sustainability

false

Meeting the needs of the present without compromising the ability of future generations to meet their needs is known as corporate social responsibility

false

UPS plans its truck routes with the fewest possible right turns

false

The term ________ refers to meeting the needs of the present without compromising the ability of future generations to meet their needs

sustainability

) Social and environmental sustainability do not exist without economic sustainability

true

A design for disassembly cost-benefit analysis compares the amount of revenue that might be reclaimed against the cost of disposing of the product at its end-of-life

true

Economic sustainability means appropriately allocating scarce resources to make a profit

true

Firms that do not consider the impact of their decisions on all of their stakeholders see reduced sales and profits

true

Internet-based technologies today allow consumers, communities, public interest groups, and regulators to be well informed about an organization's performance

true

One environmentally friendly approach to product design is to use lighter components

true

Reuse is one of the 3 Rs for sustainability

true

Some governments are implementing laws that mandate the outright reduction of GHG emissions by forcing companies to pay taxes based on the amount of GHG emissions that are emitted

true

Sustainability is often associated with corporate social responsibility

true

Those resources held in the common are often misallocated

true