Labeling Products with Such Terms as "Environmentally Friendly," "Natural," "Eco

question 29

Multiple Choice

Labeling products with such terms as "environmentally friendly," "natural," "eco," "energy efficient," "biodegradable" and the like can help promote products that have little or no environmental benefits. This practice is known as:

• A)greenskinning.
• B)redlining.
• C)gentrification.
• D)greenwashing.

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Definitions:

Time Trend

A pattern or direction in data that shows movement over a period of time.

Indicator Variable

A variable used in statistical models that takes on the value of 0 or 1 to indicate the absence or presence of some categorical effect or feature.

Smoothing Constant

A parameter used in exponential smoothing methods to adjust the level of smoothing applied to time series data, influencing the weight given to recent versus older observations.

Mean Absolute Deviation

The average of the absolute differences between each data value and the mean of the data set, measuring variability.