BUS 201 FINAL EXAM ACTUAL QUESTIONS AND
SOLUTIONS GRADED A+
✔✔Social entrepreneurship embraces innovation, revenue-generating business models,
and, enterprise skills to solve local and global challenges. - ✔✔True
✔✔Which of the following are true? Click each that are true. - ✔✔Entrepreneurship is a
mind-set, an attitude; it is taking a particular approach to doing things.
Entrepreneurs run the risk of burnout.
Entrepreneurship and innovation are relevant in for-profit, nonprofit ventures, NGO's
and even Government.
Entrepreneurs who are employees are known as intrapreneurs.
✔✔The following terms are tools that companies can use to increase their
effectiveness. Match the correct term to the correct definition. - ✔✔Transparency:
Openness, Communication, Accountability
Accountability: Acknowledgment of responsibility by an organization for actions, etc.
Sustainability Data: Quantitative information derived from the business activity
Metrics: A set of measurements that quantifies results
Corporate governance: set of processes, rules, policies, laws, etc.
✔✔How many questions does Khanjan Mehta list for you to consider as you think about
careers? - ✔✔7
✔✔Which of the following are the right questions that Kahnjan Mehta says we should be
asking when thinking about our careers? - ✔✔What problems do I want to solve?
What is the best platform to solve this problem?
What is my preferred engagement approach?
Work with systems, or work with people?
✔✔Social / Sustainable Entrepreneurs will never become financially wealthy, they only
do because they are motivated to create good. - ✔✔False
✔✔Mehta stated that there are non-profits who foster dependency and who are
"changing the world for those who do not want their world to be changed." - ✔✔True
✔✔From the Michael Porter video this week, he believes that stakeholders need to
understand that the businesses we choose to shop at can have an impact for
sustainability. However, businesses don't need to concern themselves with creating
Social Value as customers will create the change they want. - ✔✔False
✔✔According the video, "Pioneering Social Change", the advent of Social
Entrepreneurship was when Muhammad Yunis innovated mico-finance. - ✔✔True
, ✔✔From our reading this week, and from Porter's posits, creating Shared Value is for
both Social/Sustainable Entrepreneurship and existing corporations, large and small. -
✔✔True
✔✔According to our material this week, who engages the process of creating Social
Value by bringing together a unique combination of resources to pursue an opportunity?
- ✔✔Social Enterpreneurs
✔✔The UN's various Development Goals are a good place to help you research and
discover ideas for social entrepreneurship. - ✔✔True
✔✔Tick each of the following that are possible business models for social ventures? -
✔✔Nonprofit Social Ventures
Hybrid, Nonprofit Social Ventures
Social Business Ventures
✔✔Dean believes that if you're an entrepreneur who starts a cheese company that
focuses on sourcing "Slow Cheese", which becomes successful, then franchises, and
then is bought out by Chipotle, that you've essentially sold out your vision. - ✔✔False
✔✔ Which of the following accurately defines a symbiotic relationship? - ✔✔Symbiotic
relationship refers to organizations interacting in a positive way with its environment,
contributing to sustainability.
✔✔A car manufacturing company decides to hire new workers to increase production.
This company decides to use new technology to produce cars with low carbon emission
to protect the environment, recycle scrap material, and use proper disposals systems
for waste. This policy will help generate profits by increasing production and also fulfill
the company's social responsibility to people and the planet by generating employment,
manufacturing eco-friendly cars, and reducing the risks of harming the environment.
Which of the following is the company practicing? - ✔✔Triple bottom line
✔✔Legal and regulatory requirements set forth by the government can be drivers for
businesses to pursue broader sustainability efforts. - ✔✔True
✔✔Which of the following is true of pursuing sustainability? - ✔✔Increases retention of
employees who care about the environment.
✔✔Which of the following refers to a business philosophy where a business does "well"
(is successful financially) by doing "good" (helping others and the environment)? -
✔✔Enlightened Self-interest
SOLUTIONS GRADED A+
✔✔Social entrepreneurship embraces innovation, revenue-generating business models,
and, enterprise skills to solve local and global challenges. - ✔✔True
✔✔Which of the following are true? Click each that are true. - ✔✔Entrepreneurship is a
mind-set, an attitude; it is taking a particular approach to doing things.
Entrepreneurs run the risk of burnout.
Entrepreneurship and innovation are relevant in for-profit, nonprofit ventures, NGO's
and even Government.
Entrepreneurs who are employees are known as intrapreneurs.
✔✔The following terms are tools that companies can use to increase their
effectiveness. Match the correct term to the correct definition. - ✔✔Transparency:
Openness, Communication, Accountability
Accountability: Acknowledgment of responsibility by an organization for actions, etc.
Sustainability Data: Quantitative information derived from the business activity
Metrics: A set of measurements that quantifies results
Corporate governance: set of processes, rules, policies, laws, etc.
✔✔How many questions does Khanjan Mehta list for you to consider as you think about
careers? - ✔✔7
✔✔Which of the following are the right questions that Kahnjan Mehta says we should be
asking when thinking about our careers? - ✔✔What problems do I want to solve?
What is the best platform to solve this problem?
What is my preferred engagement approach?
Work with systems, or work with people?
✔✔Social / Sustainable Entrepreneurs will never become financially wealthy, they only
do because they are motivated to create good. - ✔✔False
✔✔Mehta stated that there are non-profits who foster dependency and who are
"changing the world for those who do not want their world to be changed." - ✔✔True
✔✔From the Michael Porter video this week, he believes that stakeholders need to
understand that the businesses we choose to shop at can have an impact for
sustainability. However, businesses don't need to concern themselves with creating
Social Value as customers will create the change they want. - ✔✔False
✔✔According the video, "Pioneering Social Change", the advent of Social
Entrepreneurship was when Muhammad Yunis innovated mico-finance. - ✔✔True
, ✔✔From our reading this week, and from Porter's posits, creating Shared Value is for
both Social/Sustainable Entrepreneurship and existing corporations, large and small. -
✔✔True
✔✔According to our material this week, who engages the process of creating Social
Value by bringing together a unique combination of resources to pursue an opportunity?
- ✔✔Social Enterpreneurs
✔✔The UN's various Development Goals are a good place to help you research and
discover ideas for social entrepreneurship. - ✔✔True
✔✔Tick each of the following that are possible business models for social ventures? -
✔✔Nonprofit Social Ventures
Hybrid, Nonprofit Social Ventures
Social Business Ventures
✔✔Dean believes that if you're an entrepreneur who starts a cheese company that
focuses on sourcing "Slow Cheese", which becomes successful, then franchises, and
then is bought out by Chipotle, that you've essentially sold out your vision. - ✔✔False
✔✔ Which of the following accurately defines a symbiotic relationship? - ✔✔Symbiotic
relationship refers to organizations interacting in a positive way with its environment,
contributing to sustainability.
✔✔A car manufacturing company decides to hire new workers to increase production.
This company decides to use new technology to produce cars with low carbon emission
to protect the environment, recycle scrap material, and use proper disposals systems
for waste. This policy will help generate profits by increasing production and also fulfill
the company's social responsibility to people and the planet by generating employment,
manufacturing eco-friendly cars, and reducing the risks of harming the environment.
Which of the following is the company practicing? - ✔✔Triple bottom line
✔✔Legal and regulatory requirements set forth by the government can be drivers for
businesses to pursue broader sustainability efforts. - ✔✔True
✔✔Which of the following is true of pursuing sustainability? - ✔✔Increases retention of
employees who care about the environment.
✔✔Which of the following refers to a business philosophy where a business does "well"
(is successful financially) by doing "good" (helping others and the environment)? -
✔✔Enlightened Self-interest
