ECON QUIZ (2)

Who developed the Triple Bottom Line concept?

• John Elkington
• Adam Smith
• Michael Porter
• Milton Friedman
• Peter Drucker

Which of the following is NOT one of the three components of the Triple Bottom Line?

• People
• Planet
• Profit
• Production
• None of the above

The Triple Bottom Line measures success in which areas?

• Financial, social, environmental
• Financial, political, cultural
• Research, development, marketing
• Management, leadership, innovation
• None of the above

What does the "People" aspect of Triple Bottom Line focus on?

• Fair treatment of workers and communities
• Political representation
• Population control
• Market research
• Public relations

What does the "Planet" aspect of Triple Bottom Line focus on?

• Protecting natural resources
• Planetary exploration
• Global expansion
• Geological studies
• Climate change only

A business that aims to solve social or environmental problems while still making a profit is known as:

• Social enterprise
• Non-profit organization
• Charity
• Public service
• Government agency

Corporate Social Responsibility (CSR) is:

• A self-regulating business model for social accountability
• A government regulation
• A tax incentive program
• A marketing strategy only
• A legal requirement

When did the concept of business ethics begin to gain prominence?

• 1960s
• 1980s
• 1920s
• 2000s
• 1940s

Business ethics refers to:

• Moral principles governing business conduct
• Legal requirements only
• Profit maximization strategies
• Corporate espionage prevention
• Shareholder satisfaction

Which statement best defines ethics?

• The standard of actions for doing what you are supposed to be being
• Rules created by businesses
• Legal requirements
• Religious principles only
• Government regulations