Business and Environment MCQs
Business and Environment MCQs
Our team has conducted extensive research to compile a set of Business and Environment MCQs. We encourage you to test your Business and Environment knowledge by answering these 20+ multiple-choice questions provided below.
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1: Aspiring to a ________of environmental performance by competently managing risks and choosing strategies consistent with environmental sustainability?
A. High level
B. Low level
C. Water level
D. Laser Levels
2: _______ is an effect of one economic agent on another that is not taken into account by normal market behavior?
A. Externality
B. Exteriority
C. Extrinsicality
D. External forces
3: Any goods that do not bear on human welfare pure _________that do not bear on human welfare?
A. Environmentally friendly products
B. Environmental goods
C. Both a and b
D. None of these
4: Which is an example of a severe environmental issue plaguing the fragile global ecosystem?
A. Pesticide residue
B. Lack of recycling
C. Ozone layer thickening
D. Misallocation of resources
5: When do governments intervene to deal with economic agents who attempt to escape some of the costs of their business operations?
A. When requested to get involved
B. When markets fail to self-correct
C. When there are deliberate moral failings
D. When environment degradation is unethical
6: Environmental problems such as spills often go beyond market inefficiencies and imply ______.
A. Antiquated equipment
B. Low safety standards
C. Poor risk management
D. Deliberate moral failings
7: Pollution associated with industrial activity, intentionally caused by human actions, ______.
A. Has no impact on people
B. Is unethical
C. Has no foreseeable side effects
D. Is easily defensible
8: Goods with environmental damage that do not impact the quality of human life are an example of ______.
A. Negative externalities
B. Social costs
C. Pure environmental goods
D. Free goods
9: The tendency to view the environment as a free good must be tempered with _____.
A. A company’s anthropocentric perspective
B. Humans’ well-being and rights to health and safety
C. Externalized costs of operations
D. Efforts made to avoid positive externalities
10: One piece of legislation that started to change how companies view the environment is ______.
A. The Clean Air Act of 1970
B. The First Amendment
C. The Economic Stabilization Act of 1970
D. The offshore drilling legislation
11: Choosing operation strategies consistent with environmental sustainability is an example of ______.
A. Environmental risks
B. A regulatory system
C. Environmental ethics
D. Compensating for harms
12: According to the textbook, sensitivity to global warming and intergenerational justice should be incorporated into every firm’s ______.
A. Operating policies
B. Mission
C. Legal framework
D. Clean-up efforts
13: In the Love Canal case study, what caused Hooker Chemical Company’s legal, environmental, and ethical issues?
A. Delivering hydroelectric power from Niagara Falls to the city’s residents
B. Dumping toxic chemicals into a canal that later impacted the health and well-being of residents
C. Constructing an artificial waterway that would run from Lasalle to Lewiston
D. Producing industrial-grade chemicals with the help of hydroelectric power
14: Hooker Chemical Company had a history of operational ______ concerns at its Niagara Falls plant.
A. Economic
B. Social
C. Safety
D. Moral
15: Hooker agreed to turn over the waste landfill to the school board under what condition?
A. The school board did not seize the property through eminent domain.
B. Hooker would not be held responsible for the sinking foundation of a newly constructed elementary school building.
C. The school board did not sell land to developers building houses as their backyard would jut into the waste site.
D. Hooker would not be held liable for future claims or damages resulting from the storage of its chemicals.
16: What should have been apparent to Hooker Chemical Company and the Niagara Falls city officials that went unnoticed?
A. Risk of imminent harm
B. The sinking foundation
C. No laws were broken
D. Pure environmental goods
17: In the Deepwater case study, why was CEO Robert Horton known as “The Hatchet?”
A. His general appearance
B. For destroying the environment
C. His strategy to reduce bureaucracy and reduce costs
D. His inflexible and disaggregated business model
18: In the Deepwater case study, cost cutting continued and commercial interests superseded engineering ones under Browne’s leadership. This led to serious and deadly accidents resulting in fines for failure to correct ______.
A. The environment
B. Safety problems
C. Budget issues
D. The high overhead
19: In the Deepwater case study, one employee called attention to British Petroleum’s cost-cutting and risk management strategies as the reason for the ______.
A. Catastrophic Gulf accident
B. Negative pressure test results
C. New federal regulations for offshore drilling
D. Contingency plans for an oil spill or blowout
20: During their investigation, the U.S. National Commission highlighted British Petroleum’s lack of safety culture. One thing that may have increased their safety is the concept of ______.
A. Culture training
B. Moral obligations
C. Stop work authority
D. Social costs
21: During their investigation, the U.S. National Commission highlighted British Petroleum’s lack of safety culture. One thing that may have increased their safety is the concept of ______.
A. Culture training
B. Moral obligations
C. Stop work authority
D. Social costs
22: When the Macondo well exploded, the damage to the Gulf’s fragile ecosystem was ______.
A. Minimal
B. Virtually incalculable
C. Easily corrected
D. Significant but not devastating
23: As result of the Macondo well explosion, mangrove trees were killed and the Barataria Bay mangrove islands were destroyed. Without mangroves, what do experts fear as a likely result?
A. Other islands will also vanish.
B. The fish and shellfish will continue to be contaminated.
C. The tar balls will continue to surface.
D. Tourism will disappear from the islands.
24: In the British Petroleum trial, the settlement that they paid largely went to state and federal governments to _____.
A. Help employees who were injured
B. Deal with natural resource damages
C. Find a safer place for offshore drilling
D. Further investigate the ethics related to oil drilling
25: When the Volkswagen emission scandal erupted, why was there “stunned silence” from the Wolfsburg city officials?
A. The global attention was overwhelming for them.
B. They worried how the German culture would be impacted.
C. They were concerned about the costs Volkswagen would incur.
D. The city’s economic vitality was closely linked to the success of Volkswagen.
26: When the Volkswagen emission scandal erupted, why was there “stunned silence” from the Wolfsburg city officials?
A. The global attention was overwhelming for them.
B. They worried how the German culture would be impacted.
C. They were concerned about the costs Volkswagen would incur.
D. The city’s economic vitality was closely linked to the success of Volkswagen.
27: For Volkswagen, the manipulation of diesel engine emissions tests to meet _______ resulted in costly fines and settlements, including criminal fines and the indictment of six executives.
A. Environment standards
B. Financial expectations
C. Company standards
D. Engineering standards
28: What did the class action suit filed on behalf of the Ecuadoreans against PetroEcuador and Texaco claim?
A. Corruption and fraud against the Oriente region
B. Environmental harm as a direct result of their oil and drilling operations
C. Poisoning of people as a result of altered emissions test data
D. Exploitation via extensive media coverage
29: What did the class action suit filed on behalf of the Ecuadoreans against PetroEcuador and Texaco claim?
A. Corruption and fraud against the Oriente region
B. Environmental harm as a direct result of their oil and drilling operations
C. Poisoning of people as a result of altered emissions test data
D. Exploitation via extensive media coverage
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