Which of the following is true about the concept of sustainable development and sustainable business practice?

Question

BlackTom AI · Accepted Answer

When considering sustainable development and sustainable business practice, we need to assess what the concept fundamentally aims to change in how we think about growth and value.
Option 1: 'It suggests a radically new vision for integrating financial and environmental goals, compared with the growth model that preceded it.' This is a strong characterization of sustainable development, which reframes success to combine profitability with environmental stewardship and social considerations, challenging the traditional growth-at-all-costs paradigm.
Option 2: 'According to this concept, only individuals who can prove that they had been harmed by pollution can raise legal challenges.' This statement is misaligned with sustainable development theory, which does not limit legal challenges to proven personal harm in such a narrow way; it emphasizes broader principles of environmental responsibility and systemic impact.
Option 3: 'According to this concept, any harm to the environment can be adequately compensated.' The notion that all environmental harm can be easily compensated contradicts core sustainability ideas, which acknowledge limits to compensation and the importance of prevention, restoration, and long-term stewardship beyond monetary equivalence.
Option 4: 'It focuses only on the costs that businesses incur in pursuing environmental goals.' This is overly narrow; sustainable development aims to balance multiple objectives, including social and ecological impacts, not merely accounting for business costs, and it promotes long-term value creation beyond short-term expense accounting.
In summary, the most accurate description aligns with the idea of a new, integrated framework that merges financial performance with environmental and social considerations, rather than reducing sustainability to narrow purposes or limiting recourse to only certain harms.

BUMGT 235-002 Quiz 3

Which of the following is true about the concept of sustainable development and sustainable business practice?

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