What is a pay to pollute system that charges a fee or tax to those who discharge carbon into the air?

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Terms in this set (8)

False

Sustainability is a short-term approach to the interaction between business activity, environmental responsibility, and societal impact on the environment and other stakeholders

True

Social responsibility does not have to mean being unprofitable

True

The concept of limited liability means the owners of corporations are protected by laws stating that, in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shared of ownership

Citizens United

Which court decision rules that corporate nonprofit business entities may seek to persuade the voting public by spending an unlimited amount of money on political advertisements?

Carbon Tax

What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air?

Moral minimum

actions a firm undertakes to satisfy the base threshold for acting ethically

Corporate personhood

the doctrine that a corporation has some of the same legal rights as a natural person

Triple bottom line

Person, Place, and Planet

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What is a pay to pollute system?

The 'polluter pays' principle is the commonly accepted practice that those who produce pollution should bear the costs of managing it to prevent damage to human health or the environment.

Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities?

Sarbanes-Oxley, passed in 2002 in response to several highly publicized corporate fraud cases that took down companies such as Enron and WorldCom, mandates reporting transparency in areas ranging from finance to accounting to supply chain activities.

How did Aristotle reconcile his distrust of business?

How did Aristotle reconcile his distrust of business? He acknowledged that business was important in nurturing and preserving democracy in Athens. It is a value between deficiency and ethics.

Which concept means that the owners of corporations as well as directors?

The concept of limited liability means that the owners (shareholders or stockholders) of corporations, as well as directors and managers, are protected by laws stating that in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership (Figure 4.2).

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