BUS 201 FINAL QUESTIONS WITH ACCURATE ANSWERS
_____ builds on the basics of entrepreneurship and extends it to encompass
addressing ecological and social concerns through the creation of new enterprises
and innovation in existing enterprises. correct answer Sustainability
entrepreneurship
__________ is the study of life norms and their interaction and their relationship
with the environment with a focus on how biological systems remain divers,
healthy and productive. correct answer Ecology
________involves developing and promoting products and services that meet
consumer and business user needs utilizing society's natural, human and cultural
resources responsibly to ensure a better quality of life now and for future
generations to come. correct answer Sustainable marketing
"Limits to growth" posits that unlimited economic growth is not possible while
"no limits to growth" posits that unlimited economic growth is possible. correct
answer -"limits to growth"
-"no limits to growth"
"To use a good book as a sedative is_________" states the Author. correct answer
A conspicuous waste
A car manufacturing company decides to hire new workers to increase
production....this policy will help generate profits by increasing production...which
of the following is the company practicing? correct answer -Triple Bottom Line
,A point that prfDean made this week is that Freeman was surprisingly concerned
with businesses performing strongly (not being in decline), while Friedman spent
a good amount of time talking about the plight of the poor. correct answer True
About how many slides should each Case Study slide deck contain? correct
answer 10
According to material covered in this week's class, Sustainable Marketing builds
on the foundation of traditional marketing, however, it shows how goods (or
services) are differentiated since they have less of an environmental impact.
correct answer True
According to our chapter this week, green consumers who purchase only
sustainable products are called______. correct answer Super greens
According to our discussion in class this week, who accesses The Commons?
correct answer -All the above (Individual Humans, Businesses, Sheep Herders)
According to Pink, thanks to the internet every one of us is now in sales. correct
answer True
According to Porter, 'when a firm sustains profits that exceed the average for its
industry, the firm is said to possess a ________ over its rivals? correct answer
Competitive Advantage
According to Porter's definition of Competitive Advantage, Walmart operates with
a Cost Competitiveness strategy. Can sustainability efforts help Walmart be even
more cost competitive? correct answer Yes
, According to the book, ______ is the process of removing the impact of factors
that may influence direct comparison of SPIs. For example, weather impacts the
energy use of a building and varies from year to year. correct answer
Normalization
According to the book, ________ offers consumers a powerful way to reduce
poverty through their everyday shopping. correct answer Fair trade
According to the Edward Freeman snippet we watched, what "really makes
Capitalism tick...."? correct answer When entrepreneurs, managers, and business
leaders companies engage with a set of their stakeholders to align and advance
their mutual interests
According to the material, what are the various ways to deal with risk? correct
answer -It's inevitable so make financial allowances for it
-Mitigate it
-Take out insurance
According to the Milton Friedman video snippet we watched, which of the below
has been the most effective means to lift people out of poverty? correct answer
Capitalism
According to your book, an opportunity becomes a true business opportunity
when: correct answer Revenues are enough to cover costs and provide profit
Applying the principles of entrepreneurship within an existing company is called:
correct answer Intrapreneurship
_____ builds on the basics of entrepreneurship and extends it to encompass
addressing ecological and social concerns through the creation of new enterprises
and innovation in existing enterprises. correct answer Sustainability
entrepreneurship
__________ is the study of life norms and their interaction and their relationship
with the environment with a focus on how biological systems remain divers,
healthy and productive. correct answer Ecology
________involves developing and promoting products and services that meet
consumer and business user needs utilizing society's natural, human and cultural
resources responsibly to ensure a better quality of life now and for future
generations to come. correct answer Sustainable marketing
"Limits to growth" posits that unlimited economic growth is not possible while
"no limits to growth" posits that unlimited economic growth is possible. correct
answer -"limits to growth"
-"no limits to growth"
"To use a good book as a sedative is_________" states the Author. correct answer
A conspicuous waste
A car manufacturing company decides to hire new workers to increase
production....this policy will help generate profits by increasing production...which
of the following is the company practicing? correct answer -Triple Bottom Line
,A point that prfDean made this week is that Freeman was surprisingly concerned
with businesses performing strongly (not being in decline), while Friedman spent
a good amount of time talking about the plight of the poor. correct answer True
About how many slides should each Case Study slide deck contain? correct
answer 10
According to material covered in this week's class, Sustainable Marketing builds
on the foundation of traditional marketing, however, it shows how goods (or
services) are differentiated since they have less of an environmental impact.
correct answer True
According to our chapter this week, green consumers who purchase only
sustainable products are called______. correct answer Super greens
According to our discussion in class this week, who accesses The Commons?
correct answer -All the above (Individual Humans, Businesses, Sheep Herders)
According to Pink, thanks to the internet every one of us is now in sales. correct
answer True
According to Porter, 'when a firm sustains profits that exceed the average for its
industry, the firm is said to possess a ________ over its rivals? correct answer
Competitive Advantage
According to Porter's definition of Competitive Advantage, Walmart operates with
a Cost Competitiveness strategy. Can sustainability efforts help Walmart be even
more cost competitive? correct answer Yes
, According to the book, ______ is the process of removing the impact of factors
that may influence direct comparison of SPIs. For example, weather impacts the
energy use of a building and varies from year to year. correct answer
Normalization
According to the book, ________ offers consumers a powerful way to reduce
poverty through their everyday shopping. correct answer Fair trade
According to the Edward Freeman snippet we watched, what "really makes
Capitalism tick...."? correct answer When entrepreneurs, managers, and business
leaders companies engage with a set of their stakeholders to align and advance
their mutual interests
According to the material, what are the various ways to deal with risk? correct
answer -It's inevitable so make financial allowances for it
-Mitigate it
-Take out insurance
According to the Milton Friedman video snippet we watched, which of the below
has been the most effective means to lift people out of poverty? correct answer
Capitalism
According to your book, an opportunity becomes a true business opportunity
when: correct answer Revenues are enough to cover costs and provide profit
Applying the principles of entrepreneurship within an existing company is called:
correct answer Intrapreneurship
