PAPER # 1
**Instructions:**
- This exam consists of two sections: Section A and Section B.
- Section A contains multiple-choice questions. Select the correct answer for each
question.
- Section B contains short-answer questions. Provide clear and concise answers.
**Section A: Multiple-Choice Questions (1 mark each)**
Choose the correct answer for each question.
1. What is the primary goal of sustainable business practices?
a) Maximizing short-term profits
b) Balancing economic, social, and environmental goals
c) Ignoring environmental regulations
d) Exploiting natural resources
2. Which of the following is NOT a component of the Triple Bottom Line (TBL)?
a) Profit
b) People
c) Planet
d) Progress
3. Which international organization sets guidelines and standards for sustainable
business practices?
a) World Trade Organization (WTO)
b) United Nations (UN)
c) International Monetary Fund (IMF)
d) World Bank
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, 4. What is the concept of the circular economy?
a) A business model that focuses on profit maximization
b) A model that emphasizes linear production and consumption
c) A system where waste is minimized, and resources are reused
d) An economic system without government regulation
5. What does CSR stand for?
a) Corporate Sales Revenue
b) Customer Satisfaction Rating
c) Corporate Social Responsibility
d) Cost-Saving Ratio
**Section B: Short-Answer Questions (2 marks each)**
6. Define Corporate Social Responsibility (CSR) and provide an example of a company
that practices it.
**Answer:** Corporate Social Responsibility (CSR) refers to a company's voluntary
commitment to operate ethically and contribute positively to society and the
environment. An example of a company practicing CSR is Patagonia, which is known
for its commitment to sustainability and environmental initiatives, such as donating a
portion of its profits to environmental causes and promoting fair labor practices.
7. Explain the concept of the "triple bottom line" and how it relates to sustainable
business practices.
**Answer:** The "triple bottom line" (TBL) is a framework that considers three key
dimensions of business performance: profit (economic), people (social), and planet
(environmental). Sustainable business practices aim to balance and optimize these
three dimensions. It means that a business should not only focus on financial profits but
also on social well-being and environmental impact. TBL encourages companies to
measure success by considering economic, social, and environmental outcomes.
8. Discuss the benefits of implementing a green supply chain in a business.
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