Sample Questions from Class

Question 1

In business, we talk about the “bottom line”. Something about making money. How about the triple bottom line? Which answer below best describes this?

Answer 1

Guidelines used in understanding sustainability

Question 2

Kennametal - a great company looking for a triple bottom line. They tried new lighting (a re-lamping of the facility). Which below is NOT a 3P benefit they received from this project?

Decrease in energy costs
Improved employee morale
Decrease in their climate footprint 
Enhanced plant safety 
New Product Development

Answer 2

New Product Development

Question 3

In professor Guide’s talk on sustainable operations he talked about the 3R’s. In the list below, which is NOT one of the classic 3R’s?

Rework
Reduce
Reuse
Recycle

Answer 3

Rework

Question 4

SASB is an international standards group. They are working on trying to bring a new approach to accounting and sustainability. Which answer below BEST reflects what SASB is doing?

Answer 4

Develop a new integrative reporting framework that encompasses natural and social capital as well as financial capital.

Question 5

In class, we talked about Wally Triplett as the first black football player at Penn State. In the list below select the answer that best captures what we talked about in class?

Answer 5

Wally’s 1948 team facing a situation in that year’s Cotton Bowl against SMU, is credited as originating the Penn State Cheer, “We Are” - “Penn State”

Question 6

What is a “triad”? Some kind of gang maybe. Maybe not. How about a diversity triad. Below which is NOT part of our corporate triad?

Global
Organizational
National
Social

Answer 6

Social

Question 7

Before we understand diversity we need to get what is discrimination. Which answer below BEST explains this?

Answer 7

Overt/Subtle denial of opportunity

Question 8

What is minority Buying Power in the United States in 2021 (trillions)?

Answer 8

$4.6

Question 9

Which of the following is NOT a method that government uses to influence business?

Lobbying
Taxation
Regulation
Industrial Policy

Answer 9

Lobbying

Question 10

Which of the following is NOT a major reason for governmental regulation?

Controlling natural monopolies
Controlling negative externalities
Achieving social goals
Maintaining a trade surplus internationally

Answer 10

Maintaining a trade surplus internationally

Question 11

The process of influencing public officials to promote or secure passage or defeat of legislation is known as?

Answer 11

Lobbying

Question 12

The U.S. Post Office has continued to lose millions of dollars. Should UPS or Federal Express buy the P.O. what would we call this?

Answer 12

Privatization

Question 13

When the government considers how to impact business it is always one of two major ways. What are they?

Answer 13

Regulatory and Non-Regulatory