BUS 201
Foundations of Sustainable Enterprise
Comprehensive Finals Review (Qns & Ans)
2025
1. Which of the following is a primary principle of sustainable
development?
- A) Economic isolation
- B) Short-term profit maximization
- C) Intergenerational equity
- D) Technological obsolescence
- ANS: C) Intergenerational equity
©2024/2025
, - Rationale: Sustainable development emphasizes meeting
present needs without compromising future generations' ability to
meet their own needs, highlighting intergenerational equity.
2. What is the Triple Bottom Line approach to sustainable
enterprise focused on achieving?
- A) Economic growth only
- B) Environmental conservation only
- C) Social justice and cultural preservation
- D) Economic, social, and environmental sustainability
- ANS: D) Economic, social, and environmental sustainability
- Rationale: The Triple Bottom Line requires organizations to
consider and achieve economic, social, and environmental goals
simultaneously.
3. In sustainability reporting frameworks, which protocol is
widely used for carbon accounting?
- A) ISO 14001
- B) Kyoto Protocol
- C) GRI Standards
- D) Greenhouse Gas Protocol
- ANS: D) Greenhouse Gas Protocol
©2024/2025
, - Rationale: The Greenhouse Gas Protocol provides globally
accepted frameworks for measuring and managing greenhouse
gas emissions in business and government operations.
4. What concept in sustainability involves using resources in
moderation to minimize waste and preserve the environment?
- A) Circular economy
- B) Linear consumption
- C) Resource monopolization
- D) Planned obsolescence
- ANS: A) Circular economy
- Rationale: A circular economy promotes sustainability by
maintaining the value of resources, minimizing waste, and
extending product life cycles.
5. Which of the following policies can be categorized as a
market-based strategy for promoting sustainability?
- A) Command-and-control regulations
- B) Emissions trading schemes
- C) Voluntary compliance agreements
- D) Regulatory mandates
- ANS: B) Emissions trading schemes
©2024/2025
, - Rationale: Market-based strategies like emissions trading
provide economic incentives for achieving reductions in pollution
levels.
Fill-in-the-Blank Questions
6. The __________ framework helps businesses integrate
sustainability into their strategic planning and daily operations.
- ANS: Integrated Reporting
- Rationale: Integrated Reporting provides a comprehensive
approach to conveying a company’s strategy, governance,
performance, and prospects within the context of its external
environment, aiming to enhance accountability and sustainability.
7. The concept of __________ refers to a business strategy that
creates positive value for society while managing environmental
impacts.
- ANS: Shared Value
- Rationale: Creating shared value involves business strategies
that generate financial success while also delivering societal
benefits.
8. The __________ is an international standard for
environmental management systems designed to help
organizations improve their environmental performance.
©2024/2025
Foundations of Sustainable Enterprise
Comprehensive Finals Review (Qns & Ans)
2025
1. Which of the following is a primary principle of sustainable
development?
- A) Economic isolation
- B) Short-term profit maximization
- C) Intergenerational equity
- D) Technological obsolescence
- ANS: C) Intergenerational equity
©2024/2025
, - Rationale: Sustainable development emphasizes meeting
present needs without compromising future generations' ability to
meet their own needs, highlighting intergenerational equity.
2. What is the Triple Bottom Line approach to sustainable
enterprise focused on achieving?
- A) Economic growth only
- B) Environmental conservation only
- C) Social justice and cultural preservation
- D) Economic, social, and environmental sustainability
- ANS: D) Economic, social, and environmental sustainability
- Rationale: The Triple Bottom Line requires organizations to
consider and achieve economic, social, and environmental goals
simultaneously.
3. In sustainability reporting frameworks, which protocol is
widely used for carbon accounting?
- A) ISO 14001
- B) Kyoto Protocol
- C) GRI Standards
- D) Greenhouse Gas Protocol
- ANS: D) Greenhouse Gas Protocol
©2024/2025
, - Rationale: The Greenhouse Gas Protocol provides globally
accepted frameworks for measuring and managing greenhouse
gas emissions in business and government operations.
4. What concept in sustainability involves using resources in
moderation to minimize waste and preserve the environment?
- A) Circular economy
- B) Linear consumption
- C) Resource monopolization
- D) Planned obsolescence
- ANS: A) Circular economy
- Rationale: A circular economy promotes sustainability by
maintaining the value of resources, minimizing waste, and
extending product life cycles.
5. Which of the following policies can be categorized as a
market-based strategy for promoting sustainability?
- A) Command-and-control regulations
- B) Emissions trading schemes
- C) Voluntary compliance agreements
- D) Regulatory mandates
- ANS: B) Emissions trading schemes
©2024/2025
, - Rationale: Market-based strategies like emissions trading
provide economic incentives for achieving reductions in pollution
levels.
Fill-in-the-Blank Questions
6. The __________ framework helps businesses integrate
sustainability into their strategic planning and daily operations.
- ANS: Integrated Reporting
- Rationale: Integrated Reporting provides a comprehensive
approach to conveying a company’s strategy, governance,
performance, and prospects within the context of its external
environment, aiming to enhance accountability and sustainability.
7. The concept of __________ refers to a business strategy that
creates positive value for society while managing environmental
impacts.
- ANS: Shared Value
- Rationale: Creating shared value involves business strategies
that generate financial success while also delivering societal
benefits.
8. The __________ is an international standard for
environmental management systems designed to help
organizations improve their environmental performance.
©2024/2025
