BUS 275 EXAM PREP TEST BANK 2026 FULL
QUESTIONS WITH VERIFIED ANSWERS
◉ What is the concept of "two-eyed seeing"? Answer: integrating
perspectives, taking all knowledge and weaving back and forth between
perspectives for a better future. (Indigenous and Western)
◉ How do Indigenous and Western worldviews differ? (5 opposites).
Answer: Indigenous worldview:
Spiritually based, many truths, relatedness, sacred land, non-linear time.
Western worldview:
Scientific based, one truth, compartmentalized, linear time.
◉ How do Indigenous and Western knowledge systems differ? Answer:
Indigenous knowledge:
Holistic, relational, passed down through generations, interconnected
with nature.
Western Knowledge:
Scientific, personal/economic gain
◉ Value Creation vs. Value Extraction. Answer: Value creation:
,where something new or beneficial is produced
Value extraction:
Where existing value is transferred without creating benefits.
◉ What is Sustainability and Sustainability in Business? Answer:
Sustainability:
Meeting present needs (without harming the future)
In Business:
Create wealth and better people's lives (without harming the future)
◉ Decolonization & Indigenization (Elements). Answer:
Decolonization:
The removal of colonial elements.
Indigenization:
Addition or redoing of Indigenous elements.
◉ What relevance do Indigenous worldviews hold for business leaders
according to Tima Bansal? Answer: Insight for fighting global
challenges
, Ex. climate change, biodiversity loss
◉ What challenges do business leaders face in integrating Indigenous
worldview practices, as noted by Tima Bansal? Answer: Gaining
trust/understanding between stakeholders, investors about adding these
practices
◉ According to Tima Bansal, what distinguishes business sustainability
from concepts like Corperate Social Responsibility, the triple bottom
line, or shared value? Answer: Business sustainability is not CSR, the
triple bottom line, or shared value. It's broader, more systemic, and
focuses on long-term impacts.
◉ What challenges do businesses face in implementing sustainability
practices, as noted by Tima Bansal? Answer: businesses struggle with
making difficult trade-offs between short-term gains and long-term
benefits.
◉ Shareholder, Stakeholder and Systems view. Answer: 1. Shareholder
view: Focuses just on making shareholders happy, Low concern for the
environment.
2. Stakeholder view: Recognizes the needs of groups involved, like
employees, customers, suppliers, and local communities.
Involves Corporate Social Responsibility (CSR) and the triple bottom
line.
QUESTIONS WITH VERIFIED ANSWERS
◉ What is the concept of "two-eyed seeing"? Answer: integrating
perspectives, taking all knowledge and weaving back and forth between
perspectives for a better future. (Indigenous and Western)
◉ How do Indigenous and Western worldviews differ? (5 opposites).
Answer: Indigenous worldview:
Spiritually based, many truths, relatedness, sacred land, non-linear time.
Western worldview:
Scientific based, one truth, compartmentalized, linear time.
◉ How do Indigenous and Western knowledge systems differ? Answer:
Indigenous knowledge:
Holistic, relational, passed down through generations, interconnected
with nature.
Western Knowledge:
Scientific, personal/economic gain
◉ Value Creation vs. Value Extraction. Answer: Value creation:
,where something new or beneficial is produced
Value extraction:
Where existing value is transferred without creating benefits.
◉ What is Sustainability and Sustainability in Business? Answer:
Sustainability:
Meeting present needs (without harming the future)
In Business:
Create wealth and better people's lives (without harming the future)
◉ Decolonization & Indigenization (Elements). Answer:
Decolonization:
The removal of colonial elements.
Indigenization:
Addition or redoing of Indigenous elements.
◉ What relevance do Indigenous worldviews hold for business leaders
according to Tima Bansal? Answer: Insight for fighting global
challenges
, Ex. climate change, biodiversity loss
◉ What challenges do business leaders face in integrating Indigenous
worldview practices, as noted by Tima Bansal? Answer: Gaining
trust/understanding between stakeholders, investors about adding these
practices
◉ According to Tima Bansal, what distinguishes business sustainability
from concepts like Corperate Social Responsibility, the triple bottom
line, or shared value? Answer: Business sustainability is not CSR, the
triple bottom line, or shared value. It's broader, more systemic, and
focuses on long-term impacts.
◉ What challenges do businesses face in implementing sustainability
practices, as noted by Tima Bansal? Answer: businesses struggle with
making difficult trade-offs between short-term gains and long-term
benefits.
◉ Shareholder, Stakeholder and Systems view. Answer: 1. Shareholder
view: Focuses just on making shareholders happy, Low concern for the
environment.
2. Stakeholder view: Recognizes the needs of groups involved, like
employees, customers, suppliers, and local communities.
Involves Corporate Social Responsibility (CSR) and the triple bottom
line.
