MGMT1136 Study Guide - Quiz Guide: Carbon Tax, Polluter Pays Principle, Precautionary Principle
24 Aug 2018
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Document Summary
Sustainability: the use of resources to enable society to satisfy current needs, without compromising the ability of future generations to meet those needs. In the past, sustainability was first conceived as solely an environmental issue, however today it now encapsulates ethical, political, social, cultural and environmental and economic concerns. Quadruple bottom line: a measure of company performance covering results in terms of economic, social and environmental and cultural factors. Substitutability of natural capital: natural capital can be substituted. Mechanistic worldview: all can be measured and explained. If you cannot measure it, it does not exist. Nature only matters when useful to humans (resources) Efficiency - in 1800 people in the us travelled 50 metres a day, they now travel 50 km a day (buchanan, 2002: 121). Today world citizens move 23 billion km each year; by 2050 it is predicted this will increase fourfold to 106 billion km (schafer and victor, 2000: 171) (cited in.
