LM 5-8

Question 1

illusion of control

Answer 1

tendency for human beings to believe they can control/influence outcomes that they cant

Question 2

markets are objectively set

Answer 2

market reflects consumer needs/wants, consumer needs or wants are objectively set or predetermined, companies respond and do not influence these needs/wants

Question 3

markets are socially constructed

Answer 3

market reflects interest of those in power, consumer needs/wants are constructed and reconstructed, companies engineer needs/wants that maximize profitability

Question 4

motives for reporting

Answer 4

public pressure to demonstrate responsibility, peer pressure, attracting employees, consumers, investors, targets & accountability

Question 5

g in ESG

Answer 5

governance, internal organizational control mechanisms that support a commitment to sustainability

Question 6

4 criteria for assessing sustainability

Answer 6

purpose (PR tool/change mechanism), performance & metrics (trivial/substantive), future commitment (nonexistent/integrated), legitimacy (subjective/objective)