Explain how business understands the opportunities available in the age of sustainability.
What will be an ideal response?
The environmental research and consulting group The Natural Step uses an image of a funnel, with two converging lines, to help business understand the opportunities available in the age of sustainability. The resources necessary to sustain life are on a downward slope. While there is disagreement about the angle of the slope, there is widespread consensus that available resources are in decline. The second line represents aggregate worldwide demand, accounting for both population growth and the increasing demand of consumerist lifestyles. Barring an environmental catastrophe, many but not all industries will emerge through the narrowing funnel into an era of sustainable living.
You might also like to view...
Which of the following would be considered a political factor relative to the financial accounting policy function?
a. Auditors b. Inflation c. Taxes d. Price changes
Google leverages its considerable company assets, such as its strong cash position, to grow the
company. Which of the following value chain activities is this most consistent with? A) technological development B) procurement C) outbound logistics D) infrastructure
All of the following are ERP shortcomings except?
a. Inventory records must be accurate, updated, and communicated b. Small initial expense c. Software customizations might be required d. Processes must change to accommodate software
Use the following information for questions 1-5: Stan's Surf Shack purchased five surfboards for $200 each. Later it purchased two additional surfboards for $250 each. Stan's sold a total of six surfboards during the period for $350 cash each. The company uses the perpetual inventory system and has not yet accrued any income taxes for the period. Indicate how the event described in the question affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = I Decrease = D No Effect = NA(Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in
that same element.) Stan's pays the income taxes incurred for the current accounting period. AssetsLiabilitiesStk. EquityRevenuesExpensesNet IncomeStmt of Cash Flows??????? What will be an ideal response?