60 Questions
According to the Sustainable Business Management Stakeholder Theory, which category of stakeholders has the urgent need to have their claim addressed but lacks the power or support to make it happen?
Demanding stakeholders
In the context of the Age of greed vs. Age of responsibility, what was the primary goal of executives during the Age of greed?
Maximizing shareholder's and their own profit
According to the New Economic Concepts – Profit vs. Value, what is not taken into account in the classic economic theory's concept of value?
Social and environmental value
Based on the New Economic Concepts – Ecosystems, what do ecosystems drive to address rising social and environmental challenges?
New collaborations
Which category of stakeholders has both the power and the support to have their claim addressed according to Sustainable Business Management Stakeholder Theory?
Dominant stakeholders
In Sustainable Business Management Stakeholder Theory, who can decide how to deal with discretionary stakeholders?
$rac{8}{2} + 4$
What is the main benefit of ecosystems according to the text?
They lead to sharing of ideas, concepts, expertise, and knowledge
What is the goal of 'The Alliance to End Plastic Waste (AEPW)' as mentioned in the text?
To minimize and manage plastic waste
What is necessary to address the global challenge of mismanaged plastic waste according to the text?
Collaboration of companies and organizations
What is the main focus of 'The Alliance to End Plastic Waste (AEPW)' according to the text?
Promoting post-use solutions for plastic waste
According to the text, what is a key feature of ecosystems?
They accelerate learning and innovation
Which of the following is NOT a limitation of the GDP as mentioned in the text?
The GDP accounts for external effects
What does the economic flow model fail to take into account according to the text?
Where the resources needed for economic flows come from
What is the main focus of the Stakeholder Theory as per the text?
Balancing the interests of different stakeholder groups
Why is economic growth considered shortsighted as per the text?
It only focuses on GDP growth and not sustainable welfare
What is a reason given in the text for the GDP growth being a self-fulfilling prophecy?
All economic decisions are made based on this expectation
What is a key aspect that the economic flow model neglects, according to the text?
The source of resources needed for money flows
According to the text, what doesn't the GDP measure about a country's economy?
Happiness and well-being of citizens
What is NOT considered when calculating the GDP per capita as per the text?
The total number of public goods available
What is the primary focus of sustainability as described in the text?
Balancing profit with consideration for people and planet
What does the traditional economic circular flow model aim to represent?
An oversimplified version of the economy for exact science
What is still considered as the number one parameter to determine the wealth of a country according to the text?
GDP per capita
What is the main flaw of the economic circular flow model as per the text?
It neglects numerous parameters and is far from reality
What do stakeholders in Sustainable Business Management aim to do?
Do business without harming stakeholders
What is still commonly used to measure the wealth of a country despite its shortcomings according to the text?
GDP per capita
What is the primary focus of 'The Alliance to End Plastic Waste (AEPW)' as mentioned in the text?
Addressing mismanaged plastic waste globally
'The Economic Dimension of Sustainability' includes which of the following according to the text?
'Value creation' instead of profit creation
What do financial markets and institutions primarily do according to the traditional economic circular flow model?
'Provide loans' and invest in businesses
What is considered as important as the ecological and social dimensions in sustainability according to the text?
Balancing economic, social, and ecological dimensions
What is the primary focus of sustainability as described in the text?
Balancing economic, ecological, and social dimensions
What is still commonly used to measure the wealth of a country despite its shortcomings according to the text?
Gross Domestic Product (GDP)
What is a key aspect that the economic flow model neglects, according to the text?
The ecological and social dimensions
Why is economic growth considered shortsighted as per the text?
It leads to environmental degradation
What is NOT a limitation of the GDP as mentioned in the text?
Overemphasizes social well-being
What is considered as important as the ecological and social dimensions in sustainability according to the text?
Value creation
What do financial markets and institutions primarily do according to the traditional economic circular flow model?
Provide loans and invest in businesses
'The Economic Dimension of Sustainability' includes which of the following according to the text?
People, Planet, Profit
'The Alliance to End Plastic Waste (AEPW)' primarily aims to:
Reduce plastic waste in ecosystems
What is still considered as the number one parameter to determine the wealth of a country according to the text?
Gross Domestic Product (GDP)
What does the traditional economic circular flow model fail to take into account?
Where the resources are coming from
What is the main flaw of using GDP growth as the sole parameter to determine the welfare of a country?
It doesn't measure happiness
According to the text, what is not considered when calculating the GDP per capita?
The inequality in the society
What is still commonly used to measure the wealth of a country despite its shortcomings according to the text?
GDP per capita
What is necessary to address the global challenge of mismanaged plastic waste according to the text?
Taxing products to lower consumption and production
What is the primary benefit of ecosystems according to the text?
Bringing people together to share ideas and expertise
What is the main focus of 'The Alliance to End Plastic Waste (AEPW)' according to the text?
Promoting post-use solutions for plastic waste
What do ecosystems drive to address rising social and environmental challenges according to the text?
Collaborative efforts of companies and organizations
What does the traditional economic circular flow model fail to take into account according to the text?
The ecological and social dimensions of sustainability
What is the main flaw of the economic circular flow model as per the text?
Ignoring the ecological and social dimensions of sustainability
What is still considered as the number one parameter to determine the wealth of a country according to the text?
Gross Domestic Product (GDP)
'The Economic Dimension of Sustainability' includes which of the following according to the text?
Environmental conservation efforts
'The Alliance to End Plastic Waste (AEPW)' aims to address the global challenge of mismanaged plastic waste through:
$1.0 billion investment in minimizing and managing plastic waste
What is the key feature of stakeholders in the context of Sustainable Business Management?
They primarily focus on social and environmental value
What is a common feature of ecosystems as mentioned in the text?
Ecosystems often exist on powerful new business platforms
In Sustainable Business Management Stakeholder Theory, which category of stakeholders has the urgent need to have their claim addressed but lacks the power or support to make it happen?
Demanding stakeholders
What is NOT considered when calculating the GDP per capita according to the text?
Social and environmental value
What was the primary goal of executives during the 'Age of greed' as per the text?
Maximizing shareholder profit
What do ecosystems drive to address rising social and environmental challenges according to the text?
New collaborations between different actors
Which category of stakeholders attains both power and support to have their claim addressed according to Sustainable Business Management Stakeholder Theory?
Definitive stakeholders
What is considered as important as the ecological and social dimensions in sustainability according to the text?
Value creation
Test your knowledge of stakeholder categories with this quiz. Identify the characteristics and classifications of stakeholders based on their power, urgency, and legal or social support.
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