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CMA Foundation · Fundamentals of Business Economics and Management · Economic and Business Environment

Which statement best describes 'sustainable development' as applied to business?

Sustainable development means meeting present needs without compromising the ability of future generations to meet their own needs. For business, this means using resources responsibly and balancing economic growth with social and environmental concerns instead of exhausting resources for immediate profit.

  1. AMaximising present profit by using resources as fast as possible
  2. BMeeting present needs without compromising the ability of future generations to meet theirsCorrect
  3. CLimiting production to only what the government orders
  4. DShifting production to foreign countries with weaker rules

Explanation

The standard definition of sustainable development is meeting the needs of the present without compromising future generations' ability to meet their own needs. The other options describe resource depletion, state control or regulatory avoidance, not sustainability.

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