Which of the Following Statements Regarding Ethical and Environmentally Friendly

question 128

Multiple Choice

Which of the following statements regarding ethical and environmentally friendly processes is true?

• A) Operations managers can be environmentally sensitive, but they must avoid following a low cost strategy.
• B) Processes can be environmentally friendly or socially responsible, but not both.
• C) Operations managers can be environmentally sensitive and still follow a low cost strategy.
• D) Using energy-efficient lighting saves so little that it should not be labeled environmentally friendly.
• E) The only business strategy consistent with ethical and environmentally sensitive management is the differentiation strategy.

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Definitions:

Positive-Sum Game

A situation in which all participants can gain or benefit in some way, contrasting with a zero-sum game.

Zero-Sum Game

A situation in economics or game theory where one party's gain is precisely balanced by another party's loss.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of the strategies chosen by the other players.

Payoff

The return or profit from an investment or action.