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Characteristics of Environmentally Conscious Business

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Characteristics of Environmentally Conscious Business

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Questions and Answers

Which of the following is NOT a characteristic of an environmentally conscious business?

Increases profits (correct)

Minimizes waste

Reduces pollution

Uses renewable resources

What is a potential challenge faced by environmentally conscious businesses?

Reputation damage (correct)

Decreased revenue

Increased employee engagement

Reduced investment opportunities

What does the acronym 'RRR' represent in the context of environmentally conscious businesses?

Remove, Reduce, Recycle

Revive, Recover, Retain

Replace, Repair, Reuse

Recycle, Reduce, Reuse (correct)

What is a benefit of implementing environmentally conscious business practices?

Increased revenue (A) Signup and view all the answers

What is an important aspect of being environmentally conscious?

Being open to change (B) Signup and view all the answers

Which of these sectors provides services rather than producing goods?

Tertiary Sector (C) Signup and view all the answers

What is a key reason why MNCs locate in Ireland?

Membership in the European Union (B) Signup and view all the answers

Which of these is NOT a positive impact of MNCs on the Irish economy?

Increased competition for Irish businesses (A) Signup and view all the answers

Which of these is an example of a business within the secondary sector?

Construction company (B) Signup and view all the answers

In which sector would an oil company reside?

Primary (C) Signup and view all the answers

Study Notes

Characteristics of Environmentally Conscious Business

Benefits:
- Increased employee engagement
- Increased revenue
- Increase investment opportunities
- Open to change
- Improve corporate social responsibility
Challenges:
- Legal liability
- Reputational damage
- Stakeholder backlash
Characteristics of Renewable Resources:
- Minimizes waste
- Reduces pollution
- Uses reduce, reuse recycle methods

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Description

This quiz explores the key traits of businesses committed to environmental sustainability. Participants will learn about the benefits such as increased engagement and revenue, alongside challenges like legal liabilities and reputational damage. Additionally, it highlights the importance of renewable resources in minimizing waste and pollution.