Chapter 2: Emergence of Environmental Accounting
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Chapter 2: Emergence of Environmental Accounting

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Questions and Answers

Why have environmental matters become an important business issue?

  • Increasing pressure from stakeholders
  • Rising costs of environmental impacts
  • Competition between companies
  • All of the above (correct)

    • What is the main focus of environmental accounting?

  • Analyzing corporate activities
  • Evaluating the ecological impacts of an economic system
  • Recording and reporting financial impacts (correct)
  • Assessing stakeholder demands

    • Who are considered external stakeholders in a company?

  • Governmental regulatory agencies (correct)
  • Suppliers
  • Managers
  • Shareholders

    • What is the definition of stakeholders?

    <p>Groups affected by company activities</p> Signup and view all the answers

    What is the primary reason for the rising relevance of environmental information?

    <p>Rising costs of environmental impacts</p> Signup and view all the answers

    What creates pressure for companies to produce goods and services satisfying stakeholders' demands?

    <p>Competition between companies</p> Signup and view all the answers

    Which group is not considered an external stakeholder in a company?

    <p>Managers</p> Signup and view all the answers

    Which of the following describes eco-efficiency?

    <p>The efficiency in using ecological resources</p> Signup and view all the answers

    Why do environmental protection agencies and politicians create environmental laws and regulations?

    <p>To encourage environmentally responsible behavior by corporate managers</p> Signup and view all the answers

    What is one possible way of responding to the need for new accounting practices addressing environmental problems?

    <p>Adapting conventional financial accounting systems with ecological accounting systems</p> Signup and view all the answers

    Who are the main addressees of conventional financial accounting systems?

    <p>Stakeholders, suppliers, and tax agencies</p> Signup and view all the answers

    What is the possible outcome of improving a company's environmental performance according to the text?

    <p>Decreasing liabilities and costs</p> Signup and view all the answers

    What is the primary focus of environmental accounting?

    <p>Recording and analyzing financial impacts of environmental activities</p> Signup and view all the answers

    Why has environmental information become increasingly economically relevant?

    <p>Rising costs of environmental impacts</p> Signup and view all the answers

    Which group is considered an internal stakeholder in a company?

    <p>Managers</p> Signup and view all the answers

    What does society demand in terms of company policies according to the text?

    <p>Higher-quality environment and policies for sustainable development</p> Signup and view all the answers

    What creates pressure for companies to produce goods and services satisfying stakeholders' demands?

    <p>Competition between companies</p> Signup and view all the answers

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