What did the class action suit filed on behalf of the Ecuadoreans against PetroEcuador and Texaco claim?
Answer
Correct Answer:
Corruption and fraud against the Oriente region
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What did the class action suit filed on behalf of the Ecuadoreans against PetroEcuador and Texaco claim?
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Correct Answer:
Environmental harm as a direct result of their oil and drilling operations Poisoning of people as a result of altered emissions test data
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For Volkswagen, the manipulation of diesel engine emissions tests to meet _______ resulted in costly fines and settlements, including criminal fines and the indictment of six executives.
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Correct Answer:
Environment standards
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When the Volkswagen emission scandal erupted, why was there “stunned silence” from the Wolfsburg city officials?
Answer
Correct Answer:
They were concerned about the costs Volkswagen would incur.
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When the Volkswagen emission scandal erupted, why was there “stunned silence” from the Wolfsburg city officials?
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Correct Answer:
The city’s economic vitality was closely linked to the success of Volkswagen.
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In the British Petroleum trial, the settlement that they paid largely went to state and federal governments to _____.
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Correct Answer:
Deal with natural resource damages
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As result of the Macondo well explosion, mangrove trees were killed and the Barataria Bay mangrove islands were destroyed. Without mangroves, what do experts fear as a likely result?
Answer
Correct Answer:
Other islands will also vanish.
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When the Macondo well exploded, the damage to the Gulf’s fragile ecosystem was ______.
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Correct Answer:
Virtually incalculable
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During their investigation, the U.S. National Commission highlighted British Petroleum’s lack of safety culture. One thing that may have increased their safety is the concept of ______.
Answer
Correct Answer:
Stop work authority
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During their investigation, the U.S. National Commission highlighted British Petroleum’s lack of safety culture. One thing that may have increased their safety is the concept of ______.
Answer
Correct Answer:
Stop work authority
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In the Deepwater case study, one employee called attention to British Petroleum’s cost-cutting and risk management strategies as the reason for the ______.
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Correct Answer:
Catastrophic Gulf accident
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In the Deepwater case study, cost cutting continued and commercial interests superseded engineering ones under Browne’s leadership. This led to serious and deadly accidents resulting in fines for failure to correct ______.
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Correct Answer:
Safety problems
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In the Deepwater case study, why was CEO Robert Horton known as “The Hatchet?”
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Correct Answer:
His strategy to reduce bureaucracy and reduce costs
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What should have been apparent to Hooker Chemical Company and the Niagara Falls city officials that went unnoticed?
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Correct Answer:
Risk of imminent harm
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Hooker agreed to turn over the waste landfill to the school board under what condition?
Answer
Correct Answer:
Hooker would not be held liable for future claims or damages resulting from the storage of its chemicals.
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Hooker Chemical Company had a history of operational ______ concerns at its Niagara Falls plant.
Answer
Correct Answer:
Safety
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In the Love Canal case study, what caused Hooker Chemical Company’s legal, environmental, and ethical issues?
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Correct Answer:
Dumping toxic chemicals into a canal that later impacted the health and well-being of residents
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According to the textbook, sensitivity to global warming and intergenerational justice should be incorporated into every firm’s ______.
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Correct Answer:
Operating policies
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Choosing operation strategies consistent with environmental sustainability is an example of ______.
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Correct Answer:
Environmental ethics
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One piece of legislation that started to change how companies view the environment is ______.
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Correct Answer:
The Clean Air Act of 1970
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The tendency to view the environment as a free good must be tempered with _____.
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Correct Answer:
Humans’ well-being and rights to health and safety
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Goods with environmental damage that do not impact the quality of human life are an example of ______.
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Correct Answer:
Pure environmental goods
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Pollution associated with industrial activity, intentionally caused by human actions, ______.
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Correct Answer:
Is unethical
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Environmental problems such as spills often go beyond market inefficiencies and imply ______.
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Correct Answer:
Deliberate moral failings
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When do governments intervene to deal with economic agents who attempt to escape some of the costs of their business operations?
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Correct Answer:
When markets fail to self-correct
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Which is an example of a severe environmental issue plaguing the fragile global ecosystem?
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Correct Answer:
Pesticide residue
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Any goods that do not bear on human welfare pure _________that do not bear on human welfare?
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Correct Answer:
Environmental goods
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_______ is an effect of one economic agent on another that is not taken into account by normal market behavior?
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Correct Answer:
Externality
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Aspiring to a ________of environmental performance by competently managing risks and choosing strategies consistent with environmental sustainability?
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Correct Answer:
High level
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