HFT 4224 Exam 1 Questions and Correct
Answers the Latest Update
Already Graded A+
QUESTIONS AND ANSWERS
We as a species are becoming smarter. ANSWER - True
The world was altered in 1989 ushering in a changes to society. ANSWER - True
The advent of the internet and the fall of the Berlin Wall were major events that
helped create great economic opportunity and freedom in the world. ANSWER -
True
There are three major tenant of Conscious Capitalism (1) Stakeholder Integration;
(2) Higher Purpose and Core Values; (3) Conscious Leadership ANSWER - False; (4)
Engage in Leadership in a Conscious Way
Due to the changing demographics of countries like the United States becoming
older, we are seeing a less conscious society. ANSWER - True
Businesses that practice Conscious Capitalism typically under-perform their less
conscious counterparts. ANSWER - False; they over-perform their less conscious
counterparts
Conscious Capitalism is the same thing as CSR (Corporate Social Responsibility)
ANSWER - False; CSR is guilty of green-washing where as in Conscious Capitalism
has true intention
Conscious businesses view people as sources and not as resources. ANSWER - True
Businesses should do what is right because it is right. ANSWER - True
, The first tenet of Conscious Capitalism is finding the higher purpose and core values
of the business. ANSWER - True
Voluntary exchange for mutual benefit creates the ethical foundation of business.
ANSWER - True
A corporate "Purpose Statement" is the same thing as combining the Mission and
Vision Statements. ANSWER - False; they're all different
Purpose-informed decision-making is a critical connection of a conscious business,
but can often suppress financial performance. ANSWER - False; it can often improve
financial performance due to a more stream-lined way of thinking
The pharmaceutical and financial services industries are two industries that were
pointed out as losing their higher purpose recently. ANSWER - True
Happiness cannot be pursued. ANSWER - True; The more directly you pursue
happiness, the less likely you are to achieve it.
Despair = Suffering - Meaning
Profits can be pursued, especially as a legitimate goal of businesses. ANSWER -
False; they want you to pursue conscious capitalism because that is what leads to
profits
The majority of the American workforce is thought of as "engaged" in their work.
ANSWER - False; Marks & Smith also mentioned that workers are being taken
advantage of
Purpose-driven intrinsic motivation is far more powerful than extrinsic financial
incentives. ANSWER - True; if the laborer has a purpose they're more likely to be
motivated to their job
Both the fit between and an individual's sense and purpose with the business as a
whole is important. ANSWER - True
Answers the Latest Update
Already Graded A+
QUESTIONS AND ANSWERS
We as a species are becoming smarter. ANSWER - True
The world was altered in 1989 ushering in a changes to society. ANSWER - True
The advent of the internet and the fall of the Berlin Wall were major events that
helped create great economic opportunity and freedom in the world. ANSWER -
True
There are three major tenant of Conscious Capitalism (1) Stakeholder Integration;
(2) Higher Purpose and Core Values; (3) Conscious Leadership ANSWER - False; (4)
Engage in Leadership in a Conscious Way
Due to the changing demographics of countries like the United States becoming
older, we are seeing a less conscious society. ANSWER - True
Businesses that practice Conscious Capitalism typically under-perform their less
conscious counterparts. ANSWER - False; they over-perform their less conscious
counterparts
Conscious Capitalism is the same thing as CSR (Corporate Social Responsibility)
ANSWER - False; CSR is guilty of green-washing where as in Conscious Capitalism
has true intention
Conscious businesses view people as sources and not as resources. ANSWER - True
Businesses should do what is right because it is right. ANSWER - True
, The first tenet of Conscious Capitalism is finding the higher purpose and core values
of the business. ANSWER - True
Voluntary exchange for mutual benefit creates the ethical foundation of business.
ANSWER - True
A corporate "Purpose Statement" is the same thing as combining the Mission and
Vision Statements. ANSWER - False; they're all different
Purpose-informed decision-making is a critical connection of a conscious business,
but can often suppress financial performance. ANSWER - False; it can often improve
financial performance due to a more stream-lined way of thinking
The pharmaceutical and financial services industries are two industries that were
pointed out as losing their higher purpose recently. ANSWER - True
Happiness cannot be pursued. ANSWER - True; The more directly you pursue
happiness, the less likely you are to achieve it.
Despair = Suffering - Meaning
Profits can be pursued, especially as a legitimate goal of businesses. ANSWER -
False; they want you to pursue conscious capitalism because that is what leads to
profits
The majority of the American workforce is thought of as "engaged" in their work.
ANSWER - False; Marks & Smith also mentioned that workers are being taken
advantage of
Purpose-driven intrinsic motivation is far more powerful than extrinsic financial
incentives. ANSWER - True; if the laborer has a purpose they're more likely to be
motivated to their job
Both the fit between and an individual's sense and purpose with the business as a
whole is important. ANSWER - True
