BUS 201 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
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? correct answer Triple bottom line
According 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 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 the video, "Pioneering Social Change", the advent of Social
Entrepreneurship was when Muhammad Yunis innovated mico-finance. correct
answer 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? correct answer Social Enterpreneurs
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 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
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.
correct answer False
Dean postulated that the business understanding of Sustainability, much like
Calvin and Hobb's Cardboard Box, has transmogrified to mean more than just
financial stability. correct answer True
Even though climate change is Serious, since it is Simple, it is going to be easy to
Solve. correct answer False
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. correct answer True
_____ 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
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? correct answer Triple bottom line
According 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 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 the video, "Pioneering Social Change", the advent of Social
Entrepreneurship was when Muhammad Yunis innovated mico-finance. correct
answer 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? correct answer Social Enterpreneurs
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 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
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.
correct answer False
Dean postulated that the business understanding of Sustainability, much like
Calvin and Hobb's Cardboard Box, has transmogrified to mean more than just
financial stability. correct answer True
Even though climate change is Serious, since it is Simple, it is going to be easy to
Solve. correct answer False
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. correct answer True
