FOR IPCC(ETHICS TRUE/FALSE) (16) “ In the long run those business firms which do not respond to society’s needs favourably will survive.” False: Society gives business its license to exist and this can be amended or revoked at any time if it fails to live up to society’s expectations. Therefore, if a business intends to retain its existing role and power it must respond to society’s needs constructively. (17) “ There is no economic growth without ecological costs.” True: Economic growth has to be environmentally sustainable. There is no economic growth without ecological costs. Industrialization and rapid development have affected the environment. Everybody should realize that such development is related to environmental damage and resource depletion. Therefore, an element of resource regeneration and positive approach to environment has to be incorporated in development programs. Sustainable development refers to maintaining development over time. Sustainable development is development that meets the needs of the present without comprising the ability of future generations to meet their own needs. A nation or society should satisfy its social, economic and other requirement without jeopardizing the interest of future generations. High economic growth means high rate of extraction, transformation and utilization of non-renewable resources. Therefore it is suggested that economic growth has to be environmentally sustainable because it is sure that there is no economic growth without ecological cost.
Posted on: Sun, 14 Jul 2013 08:02:40 +0000
Trending Topics
Recently Viewed Topics
© 2015