1. Decision making involves recognising the need for a decision, identifying alternative solutions, evaluating the solution and ____________?

2. When a business evaluates each decision alternative the key question is _______________ ?

3. Costs or revenues that do not differ between alternatives can be ________________ because they will not help in choosing between alternatives.

4. _________ are cost increases resulting from the performance of an additional activity.

5. ______________are the costs that must be incurred to perform an activity, but that can be avoided if that activity is reduced or discontinued.

ignored /avoidablecosts/ whatdifferencedoesitmake/ makingthedecision /incrementalcosts.

1. One important area where decision alternatives make a difference is in a business ____________

2. ___________--are future costs and revenues that will change as a result of a decision.

3. Future revenues are ____________ revenues.

4. No cost incurred ___________- to the decision is relevant.

5. Relevant costs are ____________costs.

6. ____________are the profits forgone by following a particular course of action.

relevant /profit /prior/ future/ relevantcostsandrelevantrevenues/opportunitycosts.

1. The _____________ takes into account the economic, environmental and social value added and destroyed as a result of business activities.

2. ___________ states business should facilitate in sustainable environment and social change which are problems perceived to have arisen from the commercial activities of business.

3. To be ____________- a business has to be profitable or, in the case of not-for-profit organisations, financially self -sustaining.

4.___________--- includes the amount of energy consumed, its origin, (electricity, gas, diesel, fuel), raw materials usage, greenhouse gas emissions, effluent and waste, as well as land use and the management of natural habitats and ecosystems impacted by business.

5._____________- occurs when a business spends considerable time and money emphasising its green credentials through marketing and advertising, when in fact it does not actually implement business practices that reduce environmental impacts.

6. _____________ performance addresses interactions between business and the community.

PTS: 1 DIF: Moderate TOP: Social

7._______________ can be part of a business' annual report, a stand-alone sustainability report, such as a triple bottom line report or an environmental or social impact report.

8. The_____________framework is intended to serve as a generally accepted framework for reporting on an organisation's economic, environment and social performance.

greenwashing /sustainable/triplebottomline /sustainabilityreporting/environmentalperformance/ GlobalReportingInitiative/corporatesocialresponsibility/ social