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OG2017 RC 2

This topic has 1 expert reply and 4 member replies

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OG2017 RC 2

Post Fri Sep 09, 2016 7:54 pm
Ecoefficiency (measures to minimize environmental impact through the reduction or elimination of waste from production processes) has become a goal for companies worldwide, with many realizing significant cost savings from such innovations. Peter Senge and Goran Carstedt see this development as laudable but suggest that simply adopting ecoefficiency innovations could actually worsen environmental stresses in the future. Such innovations reduce production waste but do not alter the number of products manufactured nor the waste generated from their use and discard; indeed, most companies invest in ecoefficiency improvements in order to increase profits and growth. Moreover, there is no guarantee that increased economic growth from ecoefficiency will come in similarly ecoefficient ways, since in today’s global markets, greater profits may be turned into investment capital that could easily be reinvested in old-style eco-inefficient industries. Even a vastly more ecoefficient industrial system could, were it to grow much larger, generate more total waste and destroy more habitat and species than would a smaller, less ecoefficient economy. Senge and Carstedt argue that to preserve the global environment and sustain economic growth, businesses must develop a new systemic approach that reduces total material use and total accumulated waste. Focusing exclusively on ecoefficiency, which offers a compelling business case according to established thinking, may distract companies from pursuing radically different products and business models.


Q1:The primary purpose of the passage is to
A. explain why a particular business strategy has been less successful than was once anticipated
B. propose an alternative to a particular business strategy that has inadvertently caused ecological damage
C. present a concern about the possible consequences of pursuing a particular business strategy
D. make a case for applying a particular business strategy on a larger scale than is currently practiced
E. suggest several possible outcomes of companies’ failure to understand the economic impact of a particular business strategy



Q2:According to the passage, an exclusive pursuit of ecoefficiency may cause companies to
A. neglect the development of alternative business models and products
B. keep the number of products that they manufacture unchanged
C. invest capital from increased profits primarily in inefficient and outmoded industries that may prove unprofitable
D. overemphasize the production process as the key to increasing profits and growth
E. focus more on reducing costs than on reducing the environmental impact of production processes


Q3:The passage mentions which of the following as a possible consequence of companies’ realization of greater profits through ecoefficiency?
A. The companies may be able to sell a greater number of products by lowering prices.
B. The companies may be better able to attract investment capital in the global market.
C. The profits may be reinvested to increase economic growth through ecoefficiency.
D. The profits may be used as investment capital for industries that are not ecoefficient.
E. The profits may encourage companies to make further innovations in reducing production waste.



Q4:The passage implies that which of the following is a possible consequence of a company’s adoption of innovations that increase its ecoefficiency?
A. Company profits resulting from such innovations may be reinvested in that company with no guarantee that the company will continue to make further improvements in ecoefficiency.
B. Company growth fostered by cost savings from such innovations may allow that company to manufacture a greater number of products that will be used and discarded, thus worsening environmental stress.
C. A company that fails to realize significant cost savings from such innovations may have little incentive to continue to minimize the environmental impact of its production processes.
D. A company that comes to depend on such innovations to increase its profits and growth may be vulnerable in the global market to competition from old-style ecoinefficient industries.
E. A company that meets its ecoefficiency goals is unlikely to invest its increased profits in the development of new and innovative ecoefficiency measures.

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Last edited by richachampion on Mon Oct 03, 2016 3:05 am; edited 2 times in total

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Post Sun Oct 02, 2016 12:45 pm
ceilidh.erickson wrote:
Please only post ONE question per post, and always include the Official Answer. Experts will be happy to respond if you do so.
I have received instructions from the Forum owner to post complete RC with its questions, but yes I will take care of the answers part.

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richachampion Legendary Member
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Post Mon Oct 03, 2016 3:04 am
ceilidh.erickson wrote:
Please only post ONE question per post, and always include the Official Answer. Experts will be happy to respond if you do so.
Hi Miss Erickson,

I have updated the answers. Thanks!

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Top Member

richachampion Legendary Member
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Post Sun Oct 02, 2016 12:45 pm
ceilidh.erickson wrote:
Please only post ONE question per post, and always include the Official Answer. Experts will be happy to respond if you do so.
I have received instructions from the Forum owner to post complete RC with its questions, but yes I will take care of the answers part.

_________________
R I C H A,
My GMAT Journey: 470 → 720 → 740
Target Score: 760+
richacrunch2@gmail.com
1. Press thanks if you like my solution.
2. Contact me if you are not improving. (No Free Lunch!)

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Top Member

richachampion Legendary Member
Joined
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32
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Post Mon Oct 03, 2016 3:04 am
ceilidh.erickson wrote:
Please only post ONE question per post, and always include the Official Answer. Experts will be happy to respond if you do so.
Hi Miss Erickson,

I have updated the answers. Thanks!

_________________
R I C H A,
My GMAT Journey: 470 → 720 → 740
Target Score: 760+
richacrunch2@gmail.com
1. Press thanks if you like my solution.
2. Contact me if you are not improving. (No Free Lunch!)

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Post Sun Oct 02, 2016 12:41 pm
Please only post ONE question per post, and always include the Official Answer. Experts will be happy to respond if you do so.

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